GEM Co Ltd — MarketDX

002340.CS▲

GEM Co. Repurchases 2.6962 Million Shares for 18.3343 Million Yuan in First Buyback

GEM Co. announced that on August 5, the company repurchased 2.6962 million shares for the first time through its special repurchase securities account via centralized bidding, accounting for 0.05% of total share capital. The total transaction amount was 18.3343 million yuan, with the highest transaction price at 6.82 yuan per share and the lowest at 6.75 yuan per share. Previously, on July 16, 2026, the company's board of directors reviewed and approved the repurchase plan, which will use its own funds or self-raised funds to repurchase shares for equity incentives or employee stock ownership plans. The total repurchase amount is no less than 100 million yuan and no more than 160 million yuan, with a repurchase price not exceeding 10.60 yuan per share. Based on the upper limit, it is estimated that approximately 15.0943 million shares can be repurchased, accounting for 0.30% of the company's total share capital, and the implementation period is within 12 months. The source of funds for this repurchase is its own funds or self-raised funds, the transaction price did not exceed the upper limit of the plan, and the operation complies with relevant laws, regulations, and exchange rules.

002340.CS ▲

为公司自有资金或自筹资金·22dRead more ▾

Critical Materials & Supply Chain▼

MIIT Scraps Cascade Utilization Clause for Power Batteries, Removes Over 100 Companies from Compliance List

The Ministry of Industry and Information Technology has abolished the cascade utilization clause for retired new energy vehicle power batteries, ending the public announcement management of cascade utilization enterprises and removing 100 previously listed companies from the roster of those meeting regulatory standards. The delisted firms include Shanghai BYD, Huayou Resources, Honeycomb Energy, Gotion High-tech, Rept Battero, Tengyuan Cobalt, Do-Fluoride, CRRC Times Electric, and GEM. The MIIT noted that some companies produced substandard battery products under the guise of cascade utilization, creating safety hazards and disrupting market order. This adjustment aims to eliminate conceptual confusion, requiring that battery products made from retired power batteries must meet quality standards for their application areas, and prohibiting the use of whole or reassembled retired power batteries in prohibited sectors such as electric bicycles. Analysts believe that compliant battery-swapping operators and the recycling industry chain will benefit, while the repair and second-hand markets reliant on gray-market batteries will face pressure, accelerating the concentration of industry resources toward leading companies with strong technical capabilities.

002074.CS ▼002340.CS ▼002407.CS ▼0666.HK ▼301219.CS ▼688187.CG ▼

Critical Materials & Supply Chain ▼Electrification & Mobility ▲

红星资本局·26dRead more ▾

002340.CS▲

GEM Receives Stock Buyback Loan Commitment of Up to 144 Million Yuan from ICBC

GEM has obtained a stock buyback special loan commitment letter from the Shenzhen branch of Industrial and Commercial Bank of China. The loan amount does not exceed 144 million yuan and does not exceed 90 percent of the total funds for this stock buyback, with a loan term of no more than 36 months. The company previously planned to repurchase shares with an amount ranging from 100 million to 160 million yuan, for use in equity incentives or employee stock ownership plans.

002340.CS ▲

CLS·35dRead more ▾

002340.CS▲3

GEM Plans to Spend 100 Million to 160 Million Yuan on Share Buyback

GEM announced that the company plans to spend 100 million to 160 million yuan on share buybacks, to be used for equity incentives or employee stock ownership plans, with a buyback price not exceeding 10.6 yuan per share.

002340.CS ▲

证券时报·42dRead more ▾