Hoymiles Power Electronics Inc. (SHSE:688032) announces a share repurchase program. Under the program, the company will repurchase up to CNY 200 million worth of its shares. The shares will be repurchased at a price no more than CNY 1,200 per share. The repurchased shares will be used for employee stock ownership plans or equity incentives. Repurchases will be funded by raised funds from the IPO. The program will be valid for 12 months.

On June 14, 2023, the company announced that it has adjusted its share repurchase price from not more than CNY 1,200 per share to not more than CNY 803.01 per share.