GoerTek nearing RMB1 bn share buyback target

GoerTek Co., Ltd. has announced the progress of its share repurchase program, having acquired 34,136,546 shares as of October 31, 2025. This represents 0.96% of the company's total share capital. The repurchases were executed via centralized bidding on a dedicated securities account, utilizing both its own funds and self-raised funds.

The company commenced its repurchase program on April 11, 2025, following board approval on April 10, 2025. The program aims to repurchase shares for an employee stock ownership plan or equity incentive plan, with a total investment ranging from no less than RMB500 million to no more than RMB1 billion. The maximum repurchase price was set at RMB38.97 per share.

As of the latest update, GoerTek has spent RMB940,069,780.62 (excluding transaction fees) on the repurchases. The shares were acquired at prices ranging from a low of RMB20.35 per share to a high of RMB34.09 per share. The company affirmed that the repurchases comply with relevant regulations and its approved plan, with the program set to continue for up to 12 months from April 10, 2025.