GoerTek chairman proposes share repurchase plan

GoerTek (SZSE:002241) announced that it received a proposal from its Chairman, Jiang Bin, on April 9, 2025, to repurchase company shares. Jiang Bin, holding 8.23% of the company's total share capital as of March 31, 2025, based his proposal on confidence in GoerTek's future prospects and long-term value. The repurchased shares are intended for employee stock ownership or equity incentive plans. The company plans to use its own or other legal funds to repurchase shares, with a total amount not less than CNY 500 million and not exceeding CNY 1 billion. The repurchase price will not exceed 150% of the average trading price of the company's shares in the 30 trading days before the board of directors approves the repurchase plan. The implementation period will not exceed 12 months from the date the board of directors approves the final repurchase plan. The chairman committed to voting in favor of the repurchase plan.