GAC Group accelerates share repurchase program

Guangzhou Automobile Group (SSE:601238) has announced it will accelerate its share repurchase program, previously approved at shareholder meetings in March and May 2024. The company aims to repurchase A shares with a total amount not less than CNY 100 million and not exceeding CNY 200 million. It is also repurchasing H shares with a total amount not less than CNY 400 million and not exceeding CNY 800 million. As of March 31, 2025, GAC Group had already repurchased 298,763,450 shares, representing 2.93% of its total share capital. This included 13,511,450 A shares at prices between CNY 7.10 and CNY 7.82, totaling CNY 100,989,274.90 (excluding transaction costs) and 285,252,000 H shares at prices between HKD 2.29 and HKD 3.72, totaling HKD 858,623,140 (excluding transaction costs). The accelerated repurchase reflects GAC Group's commitment to enhancing investor confidence and stabilizing its share value.