Gongniu Group yet to commence share repurchase program

Gongniu Group (SSE:603195) announced that it has not yet commenced its share repurchase program as of April 30, 2025. The share repurchase program, approved on April 23, 2025, allows for the repurchase of shares via centralized bidding for future use in employee stock ownership or equity incentive plans. The approved program allows for repurchases up to a maximum price of CNY 107 per share, with a total repurchase amount ranging from CNY 25,000,000 to CNY 40,000,000. The repurchase period extends to a maximum of 12 months from the date of approval. The company stated it will make repurchase decisions and disclose information in a timely manner, advising investors to be aware of investment risks.