GigaDevice to cancel shares after employee departures

GigaDevice Semiconductor will repurchase and cancel 29,214 restricted shares following employee departures and performance shortfalls under its 2020 and 2021 stock incentive plans.

The buyback prices are 69.659 yuan and 91.96 yuan per share plus interest, adjusted for prior dividend distributions. The shares are expected to be cancelled by August 7, 2025.