Zhongji Innolight Plans Share Buyback of RMB 4-8 Billion for Employee Incentives
Zhongji Innolight announced on August 31 that it will repurchase its shares for RMB 4 billion to RMB 8 billion, at a price not exceeding RMB 1,200 per share. The repurchased shares will be used for employee stock ownership or equity incentive plans, with any unused portion to be cancelled. The buyback will be completed within 12 months of board approval.
Zhongji Innolight announced on August 31 that it plans to repurchase its shares using its own funds or self-raised capital. The total repurchase amount will be no less than RMB 4 billion and no more than RMB 8 billion, with a repurchase price not exceeding RMB 1,200 per share. The repurchased shares will be used for employee stock ownership plans or equity incentive plans. If the shares are not fully utilized within the specified period, the unused portion will be cancelled in accordance with regulations. The repurchase period will not exceed 12 months from the date of board approval.