Zhongji Innolight launches up to ¥80 bn share buyback ahead of Hong Kong IPO

Zhongji Innolight share buyback Hong Kong IPO HK$980 AI optical transceivers

Chinese AI optical‑components maker Zhongji Innolight announced a share buyback programme of ¥40 bn to ¥80 bn. The company will repurchase its A‑shares on the Shenzhen Stock Exchange via centralized bidding, at a price not exceeding 150 % of the average of the 30 trading days before board approval, and the programme runs for twelve months from board approval. All repurchased shares are earmarked for equity incentives or employee stock ownership, with any unused shares to be cancelled after three years.

The buyback was disclosed after the A‑share fell 15.69 % to ¥908, prompting management to reinforce confidence in the stock ahead of its Hong Kong debut. Zhongji’s Hong Kong IPO priced at HK$980 per share, raising HK$53.41 billion (US$6.8 bn) – the second‑largest Asian share offering of the year. Proceeds will be allocated 35 % to research and development, 30 % to global capacity expansion, 15 % to strategic investments and 10 % to working capital. The company supplies optical transceivers to AI data‑centres and generated about 62 % of its Q1 revenue from the United States.

Entities: AI optical interconnect market · Hong Kong Stock Exchange · Huichen Asset Management · InnoLight Technology · Liu Sheng · Shenzhen Stock Exchange · Zhongji Innolight

Claims

What the coverage asserts, and how well corroborated each claim is across sources.

[● 2 SOURCES] The H‑share IPO price was set at HK$980 per share, targeting proceeds of about HK$534‑614 billion. (New)
[● 2 SOURCES] The buyback will be carried out via centralized bidding on the Shenzhen Stock Exchange. (company statement)
[● 4 SOURCES] Zhongji Innolight announced a share buyback plan of between ¥40 billion and ¥80 billion. (company announcement)
[● 3 SOURCES] The repurchase price will not exceed 150 % of the average share price of the 30 trading days before board approval. (company filing)
[● 2 SOURCES] On July 28, InnoLight's A‑share closed at ¥908, a 15.69 % decline on the day. (market data)
[● 3 SOURCES] IPO proceeds will be allocated: 35 % to R&D, 30 % to global capacity expansion, 15 % to strategic investments, and 10 % to working capital. (prospectus)
[● 3 SOURCES] The buyback period is twelve months from board approval. (company filing)
[● 3 SOURCES] Repurchased shares will be used for equity incentives or employee stock ownership, and any un‑used shares after three years will be cancelled. (New)
[○ 1 SOURCE] Zhongji Innolight's Hong Kong IPO priced at HK$980 per share, raising HK$53.41 billion (US$6.8 bn). (company prospectus and market report)