Giantec proposes CNY129m dividend, plans expanded share buyback

Giantec Semiconductor Corporation (SSE:688123) has announced its intention to propose a cash dividend of ¥3.00 per share to shareholders at the upcoming annual meeting. Based on the company's current share capital, the total cash dividend is expected to reach ¥47.32 million. The company also plans to continue its policy of returning value to shareholders through share repurchases. Having already spent ¥81.82 million on share repurchases in 2024, Giantec plans to ask for shareholder approval to expand its buyback program.