New E-Optics: Controlling Shareholder Proposes Repurchase of 800 Million to 1 Billion Yuan in Shares

36Kr learned that New E-Optics announced it received a proposal from its controlling shareholder, actual controller, and chairman Gao Guangrong to repurchase the company's A-share shares via centralized bidding using self-owned or raised funds. The total amount for the share repurchase will be no less than 800 million yuan and no more than 1 billion yuan. The repurchased shares will be used for employee incentive plans or employee stock ownership programs. The repurchase price will not exceed 150% of the average trading price of the company's stock over the 30 trading days preceding the board's approval of the repurchase plan, and the repurchase period will be within 12 months from the date of the board's approval.