GoerTek initiates stock repurchase program for employee incentives

GoerTek (SZSE:002241) announced the commencement of its stock repurchase program, authorized by the board on April 10, 2025, aiming to acquire company shares for future use in employee stock ownership or equity incentive plans. On April 11, 2025, the company executed its initial repurchase, buying back 6,640,900 shares, representing 0.19% of the company's total share capital, at prices ranging from CNY 20.82 to CNY 21.65 per share, for a total expenditure of CNY 140,615,849.41 (excluding transaction costs).