GEM nears investment threshold as share repurchase program advances

GEM Co., Ltd. announced that as of August 31, 2025, it had repurchased 20,358,500 shares through concentrated bidding on the Shenzhen Stock Exchange. This represents 0.40% of the company's total share capital. The highest price paid was CNY 7.01 per share, while the lowest was CNY 5.85 per share, with a total transaction value of CNY 136,743,597 (excluding transaction fees). The repurchases were funded by the company's own capital and a dedicated share repurchase loan, aligning with the approved share repurchase plan.

The share repurchase program, initiated following approvals in January and February 2025, aims to utilize between CNY 100 million and CNY 200 million for repurchases. These shares are intended for equity incentives, employee stock ownership plans, and capital reduction through cancellation. The company's board had previously adjusted the maximum repurchase price from CNY 9.93 to CNY 9.86 per share following the 2024 annual equity distribution.

GEM confirms that the timing, volume, pricing, and execution of the repurchases comply with the "Self-Regulatory Guidelines No. 9 for Listed Companies on the Shenzhen Stock Exchange—Share Repurchases" and its internal share repurchase plan. The company will continue to implement the repurchase plan and provide timely disclosures.