OMNIVISION Announces Plan to Repurchase 800 Million to 1 Billion Yuan Worth of A-Shares

Stock News04-08

OMNIVISION (00501) has disclosed a plan to repurchase a portion of its domestically issued Renminbi ordinary shares (A-shares). The decision was made after comprehensive consideration of the company's operational status, business development prospects, financial condition, and future profitability. The company intends to utilize its own funds, amounting to 800 million to 1 billion yuan, for the repurchase, which will be executed through centralized competitive bidding on the stock exchange. The repurchased shares are designated for the implementation of an employee stock ownership plan or an equity incentive plan. The maximum repurchase price is set at 100 yuan per share (inclusive).

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