Sumavision Technologies unveils share buyback plan up to RMB120m

Sumavision Technologies announced a share repurchase plan of up to RMB120,000,000, with a floor of RMB80,000,000. The repurchase, approved by the board of directors on December 15, 2025, aims to enhance shareholder value and strengthen employee incentives. Shares will be repurchased at a price not exceeding RMB8.4 per share over a six-month period, using proprietary and self-raised funds.

The company estimates repurchasing between 9.5238 million and 14.2857 million shares, representing 0.6679% to 1.0018% of its current total share capital. The repurchased shares are intended for equity incentive or employee stock ownership plans. Any unutilized shares after 36 months will be cancelled.

Sumavision Technologies confirmed its directors, senior management, controlling shareholders, and their associates have not traded company shares in the six months prior to the board resolution. Furthermore, no such individuals or major shareholders currently plan to increase or decrease their holdings during the repurchase period.