Victory Giant Technology (02476) Chairman Proposes Share Buyback of RMB 150 Million to RMB 300 Million of A-Shares

Zhito Finance APP News, Victory Giant Technology (02476) announced that, based on confidence in the company's future development and recognition of its long-term value, in order to safeguard the interests of the company's broad base of investors, especially small and medium-sized investors, and to enhance investor confidence, and taking into account the company's operating conditions, financial position, and capital plans, Mr. Chen Tao, the company's actual controller and chairman, has proposed that the company repurchase part of its already issued RMB ordinary shares (A shares) through the Shenzhen Stock Exchange trading system by way of centralized competitive bidding, and use them at an appropriate time in the future for equity incentives or an employee stock ownership plan. The total amount of funds for this repurchase shall be no less than RMB 150 million and no more than RMB 300 million (inclusive of both figures).