Lens Technology completes 500 million yuan share repurchase for employee stock ownership plans or equity incentives

Viewpoint.com News: On April 7, Lens Technology Co., Ltd. announced that its share repurchase plan has been fully completed.

According to the announcement, on April 7, 2025, the company’s Fifth Session of the Board of Directors, Fourth Meeting approved the repurchase plan. The company plans to use its own funds or funds raised to repurchase A-share shares through centralized bidding, to be used for an employee share ownership plan or an equity incentive plan.

As of the date of the announcement, Lens Technology has cumulatively repurchased 17.1139 million shares, accounting for 0.34% of the company’s current total share capital of A shares. The highest transaction price was 34.10 yuan per share, the lowest transaction price was 22.50 yuan per share, and the total transaction amount was 500 million yuan. The total repurchase funds, price, quantity, and term are all consistent with the original plan.

The repurchased shares will be held in a dedicated account, and will not enjoy shareholder rights for now. They will be used in the future for an employee share ownership plan or an equity incentive plan. If the shares are not fully used within 36 months, the portion not granted will be canceled in accordance with the law. The company also disclosed that from the first disclosure of the repurchase matter to the day before the announcement, entities including the directors, senior management, and controlling shareholders did not buy or sell the company’s stock.

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