Xi'an Bright Laser Technologies (688333.SH) controlling shareholder proposes a company repurchase of 20 to 30 million yuan worth of shares.

Xi'an Bright Laser Technologies (688333.SH) announced that one of the company's actual controllers and Chairman and General Manager, Xue Lei, proposed to the company's board of directors to use the company's own funds to repurchase some of the company's issued Renminbi ordinary shares (A shares) through the Shanghai Stock Exchange's stock trading system in a centralized competitive bidding manner. The repurchased shares are intended to be used to maintain the company's value and shareholder equity, with a total repurchase amount of no less than RMB 20 million (inclusive) and no more than RMB 30 million (inclusive). The price of the repurchased shares shall not exceed RMB 65.34 per share (inclusive). The period for repurchasing shares shall be within 3 months from the date of approval by the company's board of directors.