GL Tech Co.,Ltd (SZSE:300480) announces a share repurchase program. Under the program, the company will repurchase up to CNY 40 million worth of its shares. The repurchase price shall not exceed CNY 25 per share.

The repurchases will be funded using own funds. The repurchased shares will be used to convert convertible bonds issued by the company. The program will be valid for 12 months.

As of February 5, 2024, the company had 352,185,838 shares issued and outstanding.