TCL Tech announces progress on 2025 share repurchase plan

TCL Technology Group Corp (SZSE:000100) has announced an update regarding its plan to repurchase public shares, as approved on April 15, 2025. The company's board of directors had authorized the repurchase of shares through the Shenzhen Stock Exchange's trading system, utilizing centralized bidding. The intended repurchase aims to safeguard shareholder interests, bolster investor confidence, and stabilize/enhance the company's value. The total funds allocated for the repurchase will range between CNY 700 million and CNY 800 million. As of June 30, 2025, the company has not yet initiated the share repurchase program. TCL Tech stated that it will proceed with the repurchase within the stipulated timeframe, adhering to relevant regulations and market conditions and will fulfill its information disclosure obligations in a timely manner.