GEM announces progress in share repurchase program

Shenzhen-listed GEM (SZSE:002340) announced that it has repurchased 16,068,600 of its own shares as of March 31, 2025. The repurchased shares represent 0.31% of the company's total share capital. The highest transaction price was CNY 7.01 per share, and the lowest was CNY 6.90 per share, with the total transaction amount reaching CNY 111,576,053. The repurchased shares will be used for equity incentives or employee stock ownership plans, and/or cancellation to reduce registered capital. The repurchase complies with relevant regulations and the company's previously disclosed repurchase plan. The company will continue to implement the repurchase plan and fulfill its information disclosure obligations.