GigaDevice (兆易创新) announced that its controlling shareholder, Zhu Yiming, has pledged not to reduce his stake in the company for 12 months starting July 29, 2026. Additionally, Zhu Yiming proposed a share buyback program for the company's A-shares, with a total fund of 1 to 2 billion RMB, intended for cancellation and capital reduction. This buyback would be priced no higher than 150% of the average stock trading price in the 30 days prior to the board's resolution. AI
RANK_REASON Company announcement regarding shareholding and buyback proposal.
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