Shenzhen Invt Electric adjusts stock option, share repurchase plans

Shenzhen Invt Electric (SZSE:002334) announced adjustments to its 2021 stock option plan and share repurchase program following resolutions passed at its Seventh Board of Directors Ninth Meeting. The company has lowered the exercise price for its 2021 R&D stock options from CNY 5.61 to CNY 5.55. This adjustment follows the implementation of the company's 2024 annual equity distribution, where shareholders receive a cash dividend of CNY 0.60 per 10 shares. Shenzhen Invt Electric also updated the upper limit for its share repurchase price from CNY 13.80 to CNY 13.74 per share. The company plans to repurchase shares worth between CNY 6,000,000 and CNY 10,000,000 using its own funds. The repurchased shares will be used for equity incentives or employee stock ownership plans.