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. The repurchase program is valid for a period of 12 months from the date of approval.