GEM Co. announced that on August 5, the company repurchased 2.6962 million shares for the first time through its special repurchase securities account via centralized bidding, accounting for 0.05% of total share capital. The total transaction amount was 18.3343 million yuan, with the highest transaction price at 6.82 yuan per share and the lowest at 6.75 yuan per share. Previously, on July 16, 2026, the company's board of directors reviewed and approved the repurchase plan, which will use its own funds or self-raised funds to repurchase shares for equity incentives or employee stock ownership plans. The total repurchase amount is no less than 100 million yuan and no more than 160 million yuan, with a repurchase price not exceeding 10.60 yuan per share. Based on the upper limit, it is estimated that approximately 15.0943 million shares can be repurchased, accounting for 0.30% of the company's total share capital, and the implementation period is within 12 months. The source of funds for this repurchase is its own funds or self-raised funds, the transaction price did not exceed the upper limit of the plan, and the operation complies with relevant laws, regulations, and exchange rules.
GEM Co LtdCompany repurchased shares, signaling confidence and supporting stock price.