OmniVision Group (00501.HK) plans to repurchase no more than RMB 500 million of A-shares.

Zhitong Finance APP News, OmniVision Group (00501.HK) announced that, based on firm confidence in the company's future development prospects and high recognition of the company's long-term value, in order to safeguard the interests of the broad masses of investors, especially small and medium-sized investors, enhance investor confidence, and at the same time further improve the company's long-term incentive mechanism, fully mobilize the enthusiasm of the company's management team, core backbone personnel, and outstanding employees, improve team cohesion and competitiveness, effectively align the interests of shareholders, the company, and core team members, enable all parties to jointly create greater value for the company's long-term development, and bring sustained and stable returns to shareholders. The company plans to use its own funds and/or self-raised funds to repurchase part of its A-share public shares through centralized bidding trading, for the implementation of an employee stock ownership plan or equity incentive plan.