TCL Technology: Proposed repurchase of shares for RMB 220 million to RMB 250 million

On June 1st, TCL Technology announced that the company plans to repurchase its shares through centralized bidding, with a total amount of no less than 220 million yuan and no more than 250 million yuan, and a repurchase price of no more than 578 yuan per share. The repurchased shares will be used for employee stock ownership plans or equity incentives

On June 1st, TCL Technology announced that the company plans to repurchase its shares through centralized bidding, with a total amount of no less than 220 million yuan and no more than 250 million yuan, and a repurchase price of no more than 578 yuan per share. The repurchased shares will be used for employee stock ownership plans or equity incentives.

The announcement states that the company plans to repurchase its shares through the trading system of the Shenzhen Stock Exchange through centralized bidding trading. Meanwhile, the sources of funds used by the company for this repurchase are its own funds, self raised funds, and other financing methods.

According to the 2023 first quarter report disclosed by TCL Technology, the company achieved a revenue of 39.443 billion yuan, a year-on-year decrease of 2.77%. The net loss attributable to the parent company was 549 million yuan, and the net profit for the same period last year was 1.353 billion yuan.


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