[newsletter] 200 million to 800 million buyback shares, and de Ho's personnel changes now.

San an optoelectronic 200 million to 800 million yuan repurchase shares

Yesterday (17) evening, the San an photoelectric announcement issued, the company intends to buy back shares, repurchase not less than 200 million yuan (inclusive) and not more than 800 million yuan (inclusive). Under the condition that the price of the repurchase stock does not exceed 18 yuan / share, the amount of the repurchase stock is estimated to be no less than 44 million 450 thousand shares, which accounts for about 1.0899% of the total share capital issued by the company. According to the lower limit of the repurchase amount, the number of the repurchase stock is estimated to be no less than 11 million 120 thousand shares, accounting for about the total share capital issued by the company. 0.2727%, the number of specific repurchase shares shall be based on the number of shares actually repurchased at the end of the buyback period. The period of repurchase shall be within 2 months from the date when the shareholders' meeting deliberated and adopted the repurchase scheme.

Based on the confidence and fundamental value of the company's future development, the company takes into account the recent performance of the company's stock price, combined with the company's operating conditions, financial situation and future development prospects, effectively safeguarding the interests of the vast majority of shareholders, enhancing investor confidence, encouraging staff morale and promoting the company. In the long run, according to the relevant laws and regulations and the provisions of the articles of association, the company intends to share repurchase with its own funds or self raised funds. The company's share repurchase plan is used for employee stock ownership plan or equity incentive plan. If the company fails to implement the employee stock ownership plan or equity incentive plan, the company will cancel the share repurchase according to law. Specifically, the board of directors shall be authorized to decide on the way of implementation according to relevant laws and regulations.

Deputy general manager and Secretary of the board of directors resigned

On the evening of the same day, de Hao run Da issued a notice. The board of directors recently received a written resignation report from Mr. Dunfee, the deputy general manager and Secretary of the board of directors. Mr. Dunfee resigned from his position as deputy general manager and Secretary of the board of directors for personal reasons.

According to the relevant regulations, Mr. Dunfee's resignation takes effect from the date of serving the board of directors of the company. Mr. Dunfee will not hold any post in the company after his resignation. To ensure the normal conduct of the board of directors, Mr. Wang Donglei, the chairman of the company, will perform the duties of the board secretaries temporarily before the appointment of the new secretary of the board.

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