On July 29, GigaDevice announced that it received a letter from Chairman Zhu Yiming proposing the repurchase of the company's A-shares. The total amount of funds for the proposed repurchase is no less than RMB 1 billion (inclusive) and no more than RMB 2 billion (inclusive). The repurchased shares will all be used for cancellation and to reduce registered capital. The repurchase price will not exceed 150% of the average trading price of the company's shares in the 30 trading days prior to the board's resolution on the share repurchase. (Jin Shi)
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GigaDevice: Chairman Proposes Share Buyback of 1-2 Billion Yuan
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