MetaOptics shareholders approve share buy back mandate

MetaOptics Ltd, a semiconductor optics company, announced strong shareholder support at an extraordinary general meeting on October 28, 2026, for the adoption of a Share Buy-Back Mandate. The mandate grants the Board greater flexibility to buy or acquire the Company's shares when deemed appropriate and in the best interests of the Company and its shareholders.

The Board believes the mandate is a valuable capital management tool that can enhance shareholder value, optimize the capital structure, improve returns on equity, and exploit opportunities to acquire shares during favorable market conditions.

The adoption of the mandate is timely as MetaOptics continues to make progress in commercial execution and technology development. The Group remains on track to fulfill purchase orders for its Direct Laser Writer (DLW) platforms by the end of 2026, which is expected to positively impact the Company's revenue for the financial year ending December 31, 2026.

Additionally, MetaOptics has secured a design/evaluation order from a major U.S. foundry customer for co-packaged optics (CPO) modules incorporating its metalens solutions, which supports both ULED and laser-based configurations. The Group has also completed the design and fabrication processes validation of a 12-megapixel color imaging titanium dioxide (TiO2) metalens, with production and fabrication on the Group's 12-inch wafer currently underway.

Thang Chong Kim, MetaOptics' Executive Chairman, expressed confidence in the Company's long-term potential and its ability to create sustainable value for shareholders, noting that the Company remains well-capitalized to execute on its growth plans and strategies.