Suzhou QingYue Optoelectronics Technology (SH:688496) Sou Hu Cai Jing·2025-11-05 08:05Core Viewpoint - The company, Qingyue Technology, announced a proposal for a share buyback initiated by its chairman, general manager, and actual controller, Gao Yudi, to enhance investor confidence and support long-term development [2]. Summary by Relevant Sections Share Buyback Proposal - The proposal was made on November 4, 2025, and aims to use self-owned funds to repurchase part of the company's issued A-shares [2]. - The repurchased shares will be used for employee stock ownership plans or equity incentive plans, with a transfer period of three years post-buyback [2]. - The buyback will be conducted through the Shanghai Stock Exchange, with a total fund allocation between RMB 10 million and RMB 20 million [2]. Compliance and Legal Considerations - Gao Yudi has not engaged in buying or selling the company's shares in the six months prior to the proposal [3]. - There are no current plans for additional share purchases or sales during the buyback period, and any future plans will comply with legal disclosure requirements [4]. - The buyback plan is subject to regulatory approval and may face uncertainties [4]. Regulatory Issues - On October 31, the company received a notice from the China Securities Regulatory Commission regarding an investigation into potential false financial reporting [4]. - Investors who suffered losses due to inaccurate disclosures from the company can seek compensation if they held shares during the specified period [5]. Company Background - Qingyue Technology was established in 2010 and is located in Suzhou, Jiangsu Province [6].