Gongniu Group announces share repurchase plan progress

Gongniu Group Co., Ltd. (SSE:603195) has announced an update on its share repurchase plan, initially approved on April 23, 2025, and amended on May 22, 2025. The company intends to repurchase shares using its own funds and self-raised funds, including bank repurchase loans, for future use in employee stock ownership plans or equity incentives. According to the announcement, the total repurchase amount is expected to be between CNY 25,000 and CNY 40,000. As of May 31, 2025, Gongniu Group has not yet commenced the share repurchase program. The company stated that it will make repurchase decisions based on market conditions and will disclose information in a timely manner.