Big Move: Zhongji Innolight Plans to Cancel 5 Billion Yuan in Repurchased Shares

Zhongji Innolight issued a Hong Kong exchange announcement stating that its board will convene on October 29 to consider matters including changing the purpose of A-share shares repurchased in September 2026 and cancelling them in full. The company had previously completed the repurchase of 5.6531 million A-shares at a cost of about 4.997 billion yuan, representing 0.48% of its total share capital. If all the relevant shares are cancelled, the company's total share capital will be reduced accordingly, which is expected to boost earnings per share and reflects the company's emphasis on shareholder returns and capital allocation efficiency. At the same time, the cancellation arrangement helps optimize the share structure and sends a positive signal to the market. The matters still require approval from the company's board and shareholders' meeting.