GAC Group completes share buyback, revenue deduction clarified

Guangzhou Automobile Group (GAC Group) has announced the completion of its share buyback program and released a special statement detailing deductions from its 2024 operating revenue. The company repurchased a total of 300,051,854 shares, representing 2.94% of its total share capital. This included 14,799,854 A-shares at prices between CNY 7.10 and CNY 7.82 per share, totaling CNY 110,988,640.38 (excluding transaction costs), and 285,252,000 H-shares at prices between HKD 2.29 and HKD 3.72 per share, for a total of HKD 858,623,140 (excluding transaction costs).