Lianyue Co., Ltd. Share Repurchase Progress: Funding amount adjusted from 8 million to 15 million yuan, with the price ceiling changed to 47.02 yuan per share

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Shenzhen Lianyuu Optoelectronics Co., Ltd. (hereinafter referred to as “Lianyuu Co.”) issued a progress announcement on share repurchase on April 3, 2026, disclosing the implementation status of the share repurchase as of March 31, 2026. The announcement shows that the company is advancing the repurchase plan as scheduled, with the repurchase price not exceeding the adjusted upper limit, and all operations complying with relevant laws and regulations.

Review of the Repurchase Plan

Lianyuu Co. held the 8th meeting of the second board of directors and the 7th meeting of the second board of supervisors on April 24, 2025, and approved the share repurchase plan. According to the plan, the company intends to use its own funds or raised funds to repurchase some public shares through centralized bidding trading on the Shenzhen Stock Exchange trading system. The total repurchase amount ranges from no less than 8 million yuan (including this amount) to no more than 15 million yuan (including this amount), with a repurchase price not exceeding 47.30 yuan per share (including this amount). The repurchased shares are planned to be used for employee stock ownership plans and/or equity incentive plans, with an implementation period of no more than 12 months from the date the board approves the repurchase plan, i.e., until April 24, 2026.

Due to the company’s implementation of the 2024 annual equity distribution, according to relevant provisions of the repurchase plan, starting from May 28, 2025, the upper limit of the repurchase price was adjusted from 47.30 yuan per share to 47.02 yuan per share (including this amount).

Latest Repurchase Progress

The announcement shows that as of March 31, 2026, the company carried out share repurchase through a dedicated securities account for stock repurchase using centralized bidding trading, with the repurchase price not exceeding the adjusted upper limit of 47.02 yuan per share. The source of funds was from self-raised or internally raised funds, complying with the established repurchase plan and relevant laws and regulations.

Regarding specific quantities and amounts repurchased, the announcement did not disclose detailed data, but clearly states that the company’s repurchase actions in terms of timing, price, and entrusted period conform to the provisions of the “Rules for Share Repurchase by Listed Companies” and the “Guidelines for Self-Regulation of Listed Companies on the Shenzhen Stock Exchange No. 9 — Share Repurchase”: no repurchase during prohibited periods such as major decision-making and disclosure periods; entrusted prices did not reach the daily trading limit, and no entrustment was made during opening call auctions, closing call auctions, or trading days without price fluctuation limits.

Follow-up Arrangements

Lianyuu Co. stated that it will continue to promote this share repurchase plan within the remaining period based on market and company conditions, and will fulfill information disclosure obligations in a timely manner according to relevant regulations. Investors are advised to follow the company’s subsequent announcements for specific progress on the repurchase.

As of the disclosure date of this announcement, the repurchase plan is still within the implementation period, with some time remaining until the deadline of April 24, 2026. Market analysis suggests that the company’s share repurchase helps stabilize investor expectations and provides a source of shares for subsequent employee stock ownership or equity incentive plans, which is conducive to improving the company’s long-term incentive mechanism.

Disclaimer: The market carries risks; investment should be cautious. This article is automatically published by an AI large model based on third-party databases and does not represent Sina Finance’s views. Any information appearing in this article is for reference only and does not constitute personal investment advice. Please refer to the actual announcement for any discrepancies. If you have questions, please contact biz@staff.sina.com.cn.

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Editor: Xiao Lang Express