Sunny Optical Technology Company Limited commences an Equity Buyback Plan for 109,480,480 shares, representing 10% of its issued share capital, under the authorization approved on May 27, 2025.
Sunny Optical Technology (Group) Company Limited (SEHK:2382) commences share repurchases on January 8, 2026, under the program mandated by the shareholders in the Annual General Meeting held on May 27, 2025. As per the mandate, the company is authorized to repurchase up to 109,480,480 shares, representing 10% of its issued share capital. The purpose of this repurchase program is to enhance the net asset value and/or the earnings per share of the company.
Any repurchase of shares by the company must be paid out of funds legally available for such purchase in accordance with the applicable laws of the applicable laws of Cayman Islands and the Listing Rules. The authority shall expire at the earliest of the next Annual General Meeting, the date on which the next Annual General Meeting is required to be held or the date on which the authority is carried out to the full extent, unless varied or revoked in a General Meeting. As of May 27, 2025, the company had 1,094,804,800 shares in issue.
Sunny Optical Technology Group Co Ltd is an investment holding company principally engaged in the design, research and development, manufacture and sale of optical and optical related products and scientific instruments. The Company operates its business through three segments: Optical Components segment, Optoelectronic Products segment and Optical Instruments segment. The Company's main products include mobile phone lenses, automotive lenses, high-pixel lens lights, camera modules and others. The Company's products are sold in China and overseas markets.
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Sunny Optical Technology Company Limited commences an Equity Buyback Plan for 109,480,480 shares, representing 10% of its issued share capital, under the authorization approved on May 27, 2025.
