TREE NEWS update: GigaDevice repurchased 3.01 million shares, or 0.43% of total share capital, for a total of RMB 1.115 billion as of the announcement date, the company said. The buyback was conducted through centralized bidding at prices ranging from RMB 271.43 to RMB 411.95 per share, averaging RMB 370.64. The repurchased shares will be cancelled to reduce registered capital.
GigaDevice Buyback Hits 3.01M Shares, RMB 1.115B Spent
The detail that matters here is the cancellation: these shares will be retired to shrink registered capital, a structure that lifts per-share metrics rather than parking stock for later resale or employee plans. The wide execution band, from RMB 271.43 to RMB 411.95, suggests the program ran through a volatile stretch rather than a single dip, so the average price carries more signal than the headline total. How much of the authorized buyback remains, and whether cancellation continues as the preferred use of cash, is the open question for holders tracking capital-return discipline.
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