TCL Technology Group Corporation (SZSE:000100) announces a share repurchase program. Under the program, the company will repurchase up to CNY 1,200 million worth of its shares. The shares will be repurchased at not more than CNY 6.6 per Share. The shares repurchased will be used for ESOP or equity incentives and shares not used within 3 years after the completion of the repurchase will be cancelled. The program will be funded using own funds and self-financing. The repurchase period will be not more than 12 months from board approval date.
On June 23, 2026, the company announced that it has adjusted its share repurchase price from CNY 6.60 per share to CNY 6.51 per share.
TCL Technology Group Corporation (formerly TCL Corporation) specializes in the design, manufacturing and marketing of general public telecommunications and electronic equipment. Net sales break down by activity as follows:
- manufacturing and sale of semiconductor display panels and modules (61%);
- sale of consumer electonics products (29.4%): TVs, cell phones, computers, camcorders, audio products, home appliances, etc.; and
- manufacture and sale of photovoltaic materials and semiconductor components (7.4%): semiconductor devices, silicon wafers, photovoltaic modules and components, etc. In addition, the group develops and operates photovoltaic power plants;
- other (2.2%).
At the end of 2020, the group has 22 production sites worldwide.
China accounts for 70.6% of net sales.
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