Orbbec Inc. (SHSE:688322) announces a share repurchase program. Under the program, the company will repurchase up to CNY 50 million worth of class A shares, of which amount intended to be used to maintain the company's value and shareholders' rights and interests shall not be less than CNY 20 million (inclusive) and not exceed CNY 40 million (inclusive) and the repurchase amount intended to be used for employee stock ownership plans or equity incentives shall be no less than CNY 5 million (inclusive) and no more than CNY 10 million (inclusive) . The shares will be repurchased at a price of not more than CNY 43.8 per share. The shares purchased will be used for employee stock ownership plans or equity incentives at an appropriate time in the future, as well as for maintaining company value and shareholder rights. The program will be funded out of the company's own funds. The repurchase to maintain the company's value and shareholders' rights shall not exceed 3 months and for the repurchase for use in employee stock ownership plans or equity incentives shall not exceed 12 months.

On April 9, 2024, the company announced that the amount used to maintain the company's value and shareholders' rights and interests shall not be less than CNY 13 million (inclusive) and not exceed CNY 26 million (inclusive) and the repurchase amount intended to be used for employee stock ownership plans or equity incentives shall be no less than CNY 12 million (inclusive) and no more than CNY 24 million (inclusive) .