Sungrow Plans to Repurchase A-Shares for Employee Incentive Plans Amid PV Industry Adjustment

The leading PV inverter company, Sungrow (stock code: 300274.SZ), announced that it plans to repurchase a portion of its A-shares through a centralized bidding transaction method, to be used for employee stock ownership plans or equity incentive plans. The total repurchase amount is expected to be no less than 300 million yuan and no more than 600 million yuan, with a maximum repurchase price of 100 yuan per share and a repurchase period of 12 months. The repurchase plan demonstrates the company's confidence in long-term development, while also aiming to enhance team stability and align the interests of core employees with the company.

The PV industry is currently undergoing a period of adjustment, with market concerns about intense industry competition and declining profitability, leading to stock price corrections for several PV companies. Sungrow's repurchase plan helps stabilize market sentiment and signals the company's belief that its current stock price is undervalued.