GigaDevice has revealed its intention to implement a share repurchase program, earmarking an amount ranging from 1 billion yuan to 2 billion yuan for this purpose. All repurchased shares are earmarked exclusively for cancellation, thereby leading to a reduction in the company's registered capital. The repurchase price has been capped at 750 yuan per share, ensuring it does not surpass 150% of the average trading price of the company's shares over the 30 trading days prior to the board's approval of the repurchase initiative.