Giant Network announced that it plans to repurchase the company's shares through centralized bidding transactions. The total repurchase capital shall not exceed RMB 600 million and not less than RMB 300 million, and the repurchase price shall not exceed RMB 32.6 yuan/share. The purpose of repurchasing shares is to protect the company's value and shareholders' rights. The repurchased shares will be sold in accordance with regulatory rules, and the portion not disposed of within the prescribed period will be cancelled in accordance with law. The repurchase period is within 3 months from the date the board of directors of the company reviewed and approved the repurchase plan. The funding source is the company's own funds.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.