Leyard Optoelectronic Co., Ltd. announces an Equity Buyback for CNY 60 million worth of its shares.
March 11, 2024 at 07:14 am EDT
Share
Leyard Optoelectronic Co., Ltd. (SZSE:300296) announces a share repurchase program. Under the program, the company will repurchase up to CNY 60 million worth of its ordinary A shares. The shares will be repurchased at a price not more than CNY 7.4 per share. All the shares repurchased under the program will be used to implement employee stock ownership plans, equity incentives or to convert corporate bonds issued by the company that can be converted into stocks or for maintaining the company?s value and shareholders? interests. The repurchase program is valid for a period of 12 months from the date of approval.
On May 8, 2024, the company amended its share repurchase program. The shares will be repurchased at a price not exceeding CNY 7.35 per share.
Leyard Optoelectronic Co., Ltd. is principally engaged in the research, development, design, production and distribution of audio-visual products. The main products include light emitting diode (LED) display and integration, LED small spacing television (TV), LED intelligent lighting, as well as LED culture and sports education media. The Company's products are mainly applied in stadiums, business places, hotels, financial service places, office buildings, public service places, railways, roads, airports, subways, stages, broadcasting and television studios and others.
LEYARD OPTOELECTRONIC CO., LTD. 
