Giant Network Group Co.Ltd(002558) the initial repurchase of 805000 shares cost nearly 8 million yuan

Since the launch of the repurchase plan on March 16 this year, Giant Network Group Co.Ltd(002558) began to enter the implementation stage. The company announced on April 8 that the company implemented share repurchase by means of centralized bidding for the first time on that day. The number of shares repurchased was 805000 shares, accounting for 0.04% of the total share capital of the company. The maximum transaction price was 9.90 yuan / share, the minimum transaction price was 9.85 yuan / share, and the total transaction amount was 7.9486 million yuan (excluding transaction costs).

As of the closing on April 8, Giant Network Group Co.Ltd(002558) share price was 9.93 yuan / share.

It is reported that Giant Network Group Co.Ltd(002558) this repurchase plan is to use its own funds of no more than 600 million yuan (inclusive) and no less than 300 million yuan (inclusive) to repurchase some A-share social public shares through centralized bidding trading of Shenzhen Stock Exchange at a price of no more than 15 yuan / share (inclusive). The repurchased shares will be used in the employee stock ownership plan or equity incentive plan, and the repurchase period will be within 12 months from the date of deliberation and approval by the board of directors.

The company said that it would continue to implement the repurchase plan during the repurchase period according to the market conditions and fulfill the obligation of information disclosure in time.

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