Sunpower, the leading photovoltaic inverter, announced on the evening of September 12 that it plans to use its own funds to repurchase part of the company's A-shares of RMB common stock through a centralized bidding transaction, which will be used for the later implementation of employee stockholding plans or equity incentive plans.

According to the announcement, the total amount of funds for Sunpower's repurchase is not less than RMB 500 million (including) and not more than RMB 1 billion (including), and under the condition that the repurchase price of shares does not exceed RMB 150 per share, the repurchase shares of this repurchase are approximately 3.33 million to 6.66 million shares, accounting for about 0.22% to 0.45% of the company's total issued shares. The implementation period is within 12 months from the date of the board of directors' approval of the repurchase plan. The actual number of repurchased shares shall be the actual number of repurchased shares at the end of the repurchase period.