GalaxyCore Inc. (SHSE:688728) announces a share repurchase program. Under the program, the company will repurchase up to CNY 300 million. The shares will be repurchased at a price not more than CNY 25 per share. The company intends to use its own funds to repurchase its own shares. The shares repurchased this time will be used for employee stock ownership and/or equity incentive plans. The program will be valid for a period of 12 months.

On August 8, 2023, the company announced that after the implementation of the 2022 annual equity distribution it adjusted price limit for repurchasing shares from no more than CNY 25 per share to no more than CNY 24.97 per share