Jinshi data March 4 news, Lianchuang Optoelectronics announced that the company plans to repurchase shares in a centralized Bidding manner, with the repurchase amount not less than 100 million yuan and not more than 150 million yuan. The repurchased shares will be used entirely for cancellation and reduction of the company’s registered capital. The repurchase price does not exceed 70 yuan per share, with a term of 12 months from the date of approval by the shareholders’ meeting, from February 10, 2025 to February 9, 2026. The source of funds is from the company’s own funds or self-raised funds. As of the date of the announcement, the company’s controlling shareholder and major shareholder have no plans to increase or decrease their holdings in the next 3 or 6 months.
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