GalaxyCore: Actual Controller Proposes Share Buyback of 150 Million to 300 Million Yuan

36Kr learned that GalaxyCore announced its board received a proposal from actual controller, chairman, and CEO Zhao Lixin to repurchase the company's A-share stock using self-raised funds via centralized bidding trading. The total amount for the buyback will be no less than 150 million yuan and no more than 300 million yuan, with the price not exceeding 150% of the average trading price of the stock in the 30 trading days prior to the board resolution. The repurchased shares are intended for employee holding or equity incentive plans, as well as maintaining company value and shareholder rights.