GCL TECH(03800): The company's directors and core management personnel intend to increase their holdings of the company's shares.
Xinjiang Technology (03800) announces that the Board of Directors has learned that Chairman Zhu Gongshan, and other executive directors including Mr. Zhu Yufeng, Mr. Zhu Zhanjun, Ms. Sun Wei, Mr. Lan Tianshi, and Mr. Yang Wenzhong (collectively referred to as "relevant directors"), as well as about 30 core management personnel of the company (referred to as "relevant management personnel"), based on their confidence in the future development prospects of the group and their recognition of the long-term investment value of the company, plan to increase their holdings of the company's common stock in the open market with their own funds from June 11, 2026 to June 30, 2026 (or other periods as announced by the company).
GCL TECH (03800) Announcement: The Board of Directors of the Company has been informed that the Chairman of the Board Mr. Zhu Gongshan and other executive directors Mr. Zhu Yufeng, Mr. Zhu Zhanjun, Ms. Sun Wei, Mr. Lan Tianshi, and Mr. Yang Wenzhong (referred to as "relevant directors"), as well as approximately 30 core management personnel of the Company (referred to as "relevant management personnel"), intend to increase their holdings of the Company's ordinary shares in the public market using their own funds from June 11, 2026 to June 30, 2026 (or other periods as announced by the Company). This increase in holdings is based on their confidence in the future development prospects of the Group and their recognition of the long-term investment value of the Company.
Such increase in holdings will comply with the rules of the Hong Kong Stock Exchange, other applicable laws, regulations, and relevant codes. According to the share purchase plan, the total cost of the shares to be acquired by the relevant directors and management personnel shall not exceed HK$100 million. Each purchase of shares will be made at the prevailing market price. The Company will not participate in or provide any financial assistance for the share purchase plan.
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