Guotai Junan announces A-share buyback plan up to CNY 2bn

Guotai Junan Securities today announced a plan to repurchase its A-shares through centralized bidding, with a total repurchase amount ranging from CNY 1 billion to CNY 2 billion. The funds will come from the company's own capital and are intended to safeguard shareholder equity and company value. The repurchase price is capped at CNY 26.35 per share, and the buyback period will not exceed three months from the date of board approval. The company's board of directors believes the buyback will not materially impact Guotai Junan's operations, finances, or future development. The buyback will be executed at the discretion of the management team, depending on market conditions.