A · Important
[Hengtong Optoelectronics: Chairman proposes to repurchase shares of 100 million to 200 million yuan] On November 1, Hengtong Optoelectronics (600487.SH) announced that the company’s chairman Cui Wei proposed that the company use its own or self-raised funds to conduct centralized competition through the Shanghai Stock Exchange trading system. The total repurchase funds shall be no less than 100 million yuan and no more than 200 million yuan. The repurchased shares are intended to be used for employee equity incentives/employee stock ownership plans or to reduce registered capital. The repurchase period is within 12 months from the date the plan is reviewed and approved by the board of directors.
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