Guangzhou Zhiguang Electric Co., Ltd. (SZSE:002169) announces a share repurchase program. Under the program, the company will repurchase up to CNY 50 million worth of its shares. The repurchase price will not more than CNY 7 per Share.

The repurchased shares will be used for ESOP or equity incentives. Repurchases will be funded using company's own funds. The repurchase period will be not more than 12 months.

As of February 6, 2024, the company had 787,791,994 shares outstanding.