Maolai Optics issued a share buyback announcement on May 15. The company plans to complete the company's share repurchase plan from May 15, 2024 to April 26, 2025, and the repurchase price does not exceed 162.Fifaworldcup2022asiaqualifiers.00 yuan per share, the total repurchase amount shall not exceed RMB 5000Fifaworldcup2022asiaqualifiersRMB .0 million, if the full repurchase is calculated according to the upper limit of the total repurchase amount and the price of the repurchased shares, it is estimated that the number of shares that can be repurchased will not exceed 308600, and the maximum number of shares to be repurchased shall account for 0.58% of the total share capital of the company. The specific number of repurchased shares shall be based on the number of shares actually repurchased when the repurchase period expires or terminates the repurchase.

The announcement said that based on the confidence in the company's future development prospects and the recognition of the company's value, in order to enhance investors' confidence in the company, safeguard the interests of investors, fully stimulate the enthusiasm of the company's employees, and continue to establish a long-term incentive mechanism of the company, effectively combine the interests of shareholders, the interests of the company and the personal interests of employees, so as to promote the healthy and sustainable development of the company. The company intends to carry out share repurchase through centralized bidding transaction. The repurchased shares will be used in the employee stock ownership plan or equity incentive at an appropriate time in the future, and will be transferred within three years after the implementation result of the share repurchase and the announcement of the share change. If the company fails to use the repurchased shares within three years after the implementation result of the share repurchase and the share change announcement, the unused repurchased shares will be cancelled. If the state adjusts the relevant policies, the share buyback program will be implemented in accordance with the adjusted policies.