July 30 news,$GIGADEVICE (03986.HK)$Shares rose nearly 5% in early trading and, as of the time of writing, were up more than 3% at HK$450.8, with a trading volume of HK$834 million.
On the news front, GigaDevice Semiconductor announced that, in order to safeguard the interests of all shareholders, bolster investor confidence, and stabilize and enhance the company's value—based on strong confidence in the company's future prospects—Chairman Zhu Yiming has proposed that the company repurchase its own shares through centralized bidding transactions. Upon completion of the repurchase, the shares will be legally canceled and the company’s registered capital reduced accordingly. The repurchase amount will be no less than RMB 1 billion (inclusive) and no more than RMB 2 billion (inclusive).
On July 29, 2026, the company received from the proposer a 'Letter of Commitment Not to Reduce Holdings of GigaDevice Shares for the Next 12 Months,' pursuant to which Mr. Zhu Yiming voluntarily committed not to reduce his holdings of the company’s shares in any manner for a period of 12 months starting from July 29, 2026. On the same day, the company also received from the proposer a 'Notice of Share Purchase Plan for GigaDevice,' indicating that Mr. Zhu Yiming intends to purchase additional shares of the company between December 13, 2026, and July 29, 2027, through centralized bidding transactions and/or block trades, using his own and/or self-raised funds, with a total purchase amount of no less than RMB 1 billion (inclusive).
Editor/melody