Dioo Micro's controlling shareholder, actual controller, and chairman Ju Jianhong has proposed that the company use excess proceeds from its initial public offering to repurchase shares. The total buyback amount will be no less than 30 million yuan and no more than 60 million yuan, with a repurchase price not exceeding 41.68 yuan per share. The repurchased shares will be used entirely for employee stock ownership plans or equity incentives. Based on a total share capital of 247.5 million shares, the estimated number of shares to be repurchased is approximately 719,800 to 1.44 million shares, accounting for 0.29 percent to 0.58 percent of total share capital. The buyback period is within 12 months from the date the board of directors approves the plan. Ju Jianhong has pledged to actively promote the buyback and vote in favor at the board meeting. The company stated it will promptly formulate a feasible plan and complete the approval process. Dioo Micro focuses on high-performance analog chips, with products covering two major series: signal chain and power management, totaling over 2,000 models. They are widely used in areas such as mobile phones, automobiles, and optical modules. Optical modules are a key focus area, with multiple products already shipping in volume and adopted by leading manufacturers.
Dioo Microcircuits Co. Ltd. Jiangsu AControlling shareholder proposes share buyback using excess IPO proceeds for equity incentives, signaling confidence and supporting stock price.