GKG Precision Machine (301338.SZ) Actual Controller Proposes Repurchase of Company Shares for RMB 15 Million to RMB 30 Million

Zhitong Finance APP news, GKG Precision (301338.SZ) issued an announcement that Qiu Guoliang, the company's controlling shareholder, actual controller, and chairman, proposed that the company use the excess funds raised from its initial public offering of ordinary shares to repurchase part of the company's already issued RMB ordinary shares (A shares) through the Shenzhen Stock Exchange trading system by way of centralized bidding, and use them for equity incentives or employee stock ownership plans at an appropriate time in the future. The total amount of funds for the share repurchase shall be no less than RMB 15 million (inclusive) and no more than RMB 30 million (inclusive).