Basic Information on Share Buyback
Shenzhen Lianyu Optoelectronics Co., Ltd. (hereinafter referred to as "the Company" or "Lianyu Shares") approved the share buyback plan at the eighth meeting of the second board of directors and the seventh meeting of the second board of supervisors held on April 24, 2025. The Company agreed to use its own funds or raised funds to repurchase part of the public shares through the Shenzhen Stock Exchange trading system via centralized bidding. The total amount for the buyback will not be less than 8 million RMB (inclusive) and not exceed 15 million RMB (inclusive), with a buyback price not exceeding 47.30 RMB/share (inclusive). The repurchased shares will be used for implementing employee stock ownership plans and/or equity incentive plans, with a buyback period not exceeding 12 months from the date of board approval. Due to the Company's implementation of the 2024 annual equity distribution, the buyback price was adjusted from a maximum of 47.30 RMB/share (inclusive) to a maximum of 47.02 RMB/share (inclusive) starting from May 28, 2025. For specific details, please refer to the announcements disclosed by the Company on April 26, 2025, and May 22, 2025,