GEM Co., Ltd. (002340.SZ) plans to spend 100-200 million yuan on a share repurchase, with the repurchase price not exceeding 9.93 yuan per share.

Announcement from GEM Co.,Ltd.(002340.SZ): The company plans to use its own funds, as well as funds from a special loan, to repurchase a portion of the company's shares through centralized bidding trading on the secondary market. The repurchased shares will be used for implementing equity incentive or employee shareholding plans, and for legally cancelling and reducing registered capital. The total amount of funds for this repurchase will be no less than 100 million yuan (inclusive) and no more than 200 million yuan (inclusive). The price of the repurchased shares will not exceed 9.93 yuan per share (inclusive). The implementation period for this share repurchase will be within 12 months from the date of approval by the shareholders' meeting.