Guangzhou Shiyuan Electronic Completes Share Repurchase Program

Guangzhou Shiyuan Electronic Technology Co., Ltd. (CVTE) has announced the completion of its share repurchase program. As of the announcement date, the company had repurchased a total of 5,066,984 shares through a centralized bidding system, representing 0.73% of its total share capital. The total repurchased amount was RMB150,073,499.6 (excluding transaction fees), with an average transaction price of RMB29.62 per share. The highest price paid was RMB30.40, and the lowest was RMB28.48.

The repurchase period extended from July 29, 2024, to September 24, 2024. The company stated that the repurchase aligns with its board-approved plan and will not significantly impact its operations, financials, or ownership structure. The repurchased shares will be used for future equity incentives or employee stock ownership plans, with any remaining untransferred shares to be cancelled according to regulations.