Arcsoft Corporation Limited (688088.SH) Majority Owner Proposes Share Buyback Worth 100 Million to 150 Million Yuan

Stock News07-29

Arcsoft Corporation Limited (688088.SH) has announced that its board of directors received a letter from the company's actual controller, chairman, and general manager, Mr. Hui Deng (Deng Hui), on July 29, 2026, proposing a share repurchase of the company's shares.

The proposed repurchase involves a total fund amount of no less than 100 million yuan (inclusive) and no more than 150 million yuan (inclusive). The repurchase price will not exceed 150% of the average trading price of the company's shares over the 30 trading days prior to the board's resolution on the buyback. The repurchased shares are intended to be used entirely for employee stock ownership plans or equity incentives at an appropriate future time.

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