Dongyangguang announced on the evening of September 29 that its controlling shareholder, Shenzhen Dongyangguang Industrial Development Co., Ltd., has proposed that the company use its own or self-raised funds to repurchase part of its A-shares through centralized bidding on the Shanghai Stock Exchange, with the buyback amount no less than 600 million yuan and no more than 1.2 billion yuan. The repurchase price shall not exceed 150% of the average trading price of the company's shares over the 30 trading days before the board approves the buyback resolution, and the implementation period shall be within six months from the date the board approves the buyback plan. Dongyangguang Industrial said the move is based on firm confidence in the company's future development prospects and high recognition of its long-term value, aiming to stabilize investor expectations and boost market confidence. In addition, a previously proposed shareholding increase plan by Dongyangguang Industrial shows that it will increase its holdings of the company's A-shares within six months starting from July 31, 2026, with the increase amount no less than 300 million yuan and no more than 600 million yuan. The company noted that the above buyback matter remains uncertain, and the specific details shall be subject to the buyback plan approved by the board.
