GCL Technology (03800) rose more than 4% and rose 4.65% at press time to HK$1.35, with a turnover of HK$76.46 million.
The Zhitong Finance App learned that GCL Technology (03800) rose by more than 4% and rose 4.65% at press time to HK$1.35, with a turnover of HK$76.46 million.
According to the news, the board of directors of the company announced that it has approved a plan (share repurchase and cancellation or dividend payment plan) to repurchase and cancel shares or distribute dividends to shareholders through the repurchase and cancellation of the company's common shares in the open market during the three-year period ending December 31, 2025, and December 31, 2026, and/or the company's declaration and payment of dividends to shareholders.
According to the share repurchase cancellation or dividend payment plan, depending on the market situation at the time and the final approval of the board of directors at the relevant time: 1) The company will carry out share repurchase cancellation with a total cost of not less than RMB 680 million within the year ended December 31, 2024; 2) During the share repurchase cancellation or dividend payment period (to avoid doubts, including any share repurchase cancellation carried out by the company in relation to (1) above): The company will be vested in the company for no more than three years up to December 31, 2024, and December 31, 2025 Stock repurchase cancellation of 60% of the owner's total net profit and/or dividend payment; and under no circumstances will the total amount of share repurchase cancellation and/or dividend payouts carried out by the company be less than RMB 2.5 billion.