Visionox Technology halts share repurchase amid control change talks

Visionox Technology has announced a halt in its share repurchase program, initially approved on April 29, 2025. The company had planned to repurchase shares worth between RMB 0.5 billion and RMB 1 billion at a maximum price of RMB 14.80 per share for future equity incentive or employee stock ownership plans. However, as of October 31, 2025, no shares have been repurchased.

The pause in the repurchase program coincides with ongoing discussions regarding a potential change in control of Visionox Technology. The company is exploring a private placement of A-shares, which could lead to this change. To ensure fair information disclosure and prevent abnormal stock fluctuations, trading in Visionox Technology shares has been suspended since November 3, 2025, and is expected to continue for up to three trading days.

Visionox Technology plans to resume the repurchase program after the control change matter is finalized and will continue to provide updates in compliance with regulatory requirements.