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On August 1, 2026, GigaDevice made an announcement regarding its intention to repurchase A-shares via centralized bidding transactions. The company aims to utilize 1 to 2 billion yuan from its own reserves or raised capital for this purpose, with the primary objective of canceling and subsequently reducing its registered capital. The repurchase price has been capped at a maximum of 750 yuan per share, and the entire repurchase process is slated to be completed within a six-month timeframe from the date of obtaining approval from the shareholders' meeting. It is important to note that this plan is contingent upon the approval of the shareholders' meeting and is not without risks, including the potential for the plan not to be passed or the share price surpassing the predetermined upper limit.
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