Unigroup Guoxin Microelectronics chairman proposes share repurchase

Unigroup Guoxin Microelectronics (SZSE:002049) announced that its Chairman, Chen Jie, has proposed a share repurchase plan on April 8, 2025. The proposed repurchase aims to safeguard the interests of all shareholders, bolster investor confidence, establish a long-term incentive mechanism, and stabilize the company's value. The company plans to repurchase A shares through centralized bidding via the Shenzhen Stock Exchange, allocating the repurchased shares for equity incentives or employee stock ownership plans. The repurchase price will not exceed 150% of the average stock trading price in the 30 trading days before the board resolution. The total repurchase amount is planned between CNY 100 million and CNY 200 million, funded from the company's own capital. The repurchase period will be within 12 months from the date of board approval. The chairman will actively promote board discussion on the repurchase and vote in favor. The company said that the repurchase plan is still uncertain.