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TCL Technology plans to repurchase company’s shares with 450 million to 550 million yuan
According to the latest report, TCL Technology announced that the company plans to use its own funds, self-raised funds, and other financing methods to repurchase the company’s shares through centralized bidding transactions.
Moreover, the total amount of shares repurchased shall not be less than RMB 450 million (inclusive) and not more than RMB 550 million (inclusive), and the repurchase price shall not exceed RMB 8.00 per share (inclusive). For employee stock ownership plans or equity incentives.
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Furthermore, TCL Technology stated that as of September 30, 2021 (unaudited), the company’s total assets were 305.386 billion yuan, net assets attributable to shareholders of listed companies were 39.483 billion yuan, and current assets were 92.880 billion yuan.
Calculated with the upper limit of 550 million yuan, the proportion of the repurchase funds in the company’s total assets, net assets attributable to shareholders of listed companies, and current assets are 0.18%, 1.39%, and 0.59%, respectively, which are all relatively small.
The performance report shows that TCL Technology’s revenue in 2021 is 163.528 billion yuan, a year-on-year increase of 112.8%; its net profit is 10.06 billion yuan, a year-on-year increase of 129.3%.