Zhongji Innolight: Chairman Proposes Share Buyback of 4-8 Billion Yuan

English summary

[Zhongji Innolight: Chairman Proposes Share Buyback of 4-8 Billion Yuan] July 28 - Zhongji Innolight (300308.SZ) announced that it received a proposal from Chairman and President Liu Sheng to repurchase company shares through centralized bidding using self-owned or self-raised funds, for equity incentives or employee stock ownership plans. The total buyback funds will be no less than 4 billion yuan and no more than 8 billion yuan, with the repurchase price not exceeding 150% of the average trading price of the stock in the 30 trading days before the board resolution, and the repurchase period will be within 12 months from the date the board approves the plan.