Sunny Optical Technology (Group) Company Limited (SEHK:2382) commences share repurchases on September 29, 2023, under the program mandated by the shareholders in the Annual General Meeting held on May 24, 2023. As per the mandate, the company is authorized to repurchase up to 109,684,970 shares, representing 10% of its issued share capital. The purpose of this repurchase program is to enhance the net asset value and/or the earnings per share of the company.

Any repurchase of shares by the company must be paid out of funds legally available for such purchase in accordance with the applicable laws of the applicable laws of Cayman Islands and the Listing Rules. The authority shall expire at the earliest of the next Annual General Meeting, the date on which the next Annual General Meeting is required to be held or the date on which the authority is carried out to the full extent, unless varied or revoked in a General Meeting. As of May 24, 2023, the company had 1,096,849,700 shares in issue.