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 supervisory board held on April 24, 2025. The Company agreed to use its own funds or self-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 RMB 8 million (inclusive) and not exceed RMB 15 million (inclusive), with a buyback price not exceeding RMB 47.30 per share (inclusive). The repurchased shares will be used for implementing the employee stock ownership plan and/or equity incentive plan, with the 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 not exceeding RMB 47.30 per share (inclusive) to not exceeding RMB 47.02 per 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, on the Giant Tide Information