Connet Optical plans to spend up to 400 million to repurchase shares

SighingCashier · 2026-04-08T00:31:43+00:00

Connett Optical (02276) plans to repurchase H-shares within the next three months, with a total funding cap of 400 million yuan, expecting to buy back no more than 20.23M shares. The decision is based on confidence in the company's future development and the protection of shareholders' rights and interests.

SighingCashier

2026-04-08 00:31:43

Abstract generation in progress

Conant Optical (02276) has announced a 2026 H-share repurchase program. The total funding amount will not exceed 400 million yuan. The number of H-share shares to be repurchased is expected not to exceed 20.23M shares. The implementation period for the repurchase is within three months from the date the board of directors reviews and approves the repurchase plan.

The company said that, based on its firm confidence in the company’s future development prospects and a high recognition of the company’s value, and in order to further safeguard shareholders’ rights and interests and enhance investors’ confidence, the company, after taking into comprehensive consideration its business development prospects, operating conditions, financial position, future profitability, and the recent performance of the company’s H-share stock in the secondary market, intends to repurchase the company’s H-share stock.

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