Securities Code: 001326 Securities Abbreviation: Lianyu Shares Announcement No.: 2025-061 Shenzhen Lianyu Optoelectronics Co., Ltd. Announcement on the Progress of Share Repurchase The Company and all members of the Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed, and there are no false records, misleading statements, or major omissions.
I. Basic Information on Share Repurchase
Shenzhen Lianyu Optoelectronics Co., Ltd. (hereinafter referred to as the "Company," "this Company," or "Lianyu Shares") held its Eighth Meeting of the Second Board of Directors and the Seventh Meeting of the Second Supervisory Board on April 24, 2025. The proposals for the share repurchase plan were deliberated and approved. The Company agreed to use its own funds or self-raised funds to repurchase a portion of the company's publicly issued shares through centralized bidding transactions on the Shenzhen Stock Exchange. The total repurchase amount shall not be less than RMB 8,000,000.00 (inclusive) and not exceed RMB 15,000,000.00 (inclusive). The repurchase price shall not exceed RMB 47.30 per share (inclusive). The repurchased shares will be used for employee stock ownership plans and/or equity incentive plans. The repurchase period shall not exceed 12 months from the date the Board of Directors approved the repurchase plan.
Due to the Company's 2024 annual equity distribution, according to the current share repurchase plan, the repurchase price has been adjusted from not exceeding RMB 47.30 per share (inclusive) to not exceeding RMB 47.02 per share (inclusive) starting from May 28, 2025.