FilingReader Intelligence

GEM repurchases RMB137m of shares in buyback program

July 31, 2025 at 09:40 AM UTCBy FilingReader AI

GEM has repurchased 20.4 million shares worth RMB137 million through its ongoing buyback program, representing 0.40% of total share capital. Share prices ranged from RMB5.85 to RMB7.01.

The program has a total budget of RMB100-200 million and is funded by company capital and a dedicated loan. The repurchased shares will be used for equity incentives, employee stock ownership, or capital reduction.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

SZSE:002340Shenzhen Stock Exchange

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