In a recent announcement, GCL TECH (03800) disclosed that its board of directors has been informed of a planned share purchase initiative by key company figures. The company's Chairman, Mr. Zhu Gongshan, along with all other executive directors—Mr. Zhu Yufeng, Mr. Zhu Zhanjun, Ms. Sun Wei, Mr. Lan Tianshi, and Mr. Yang Wenzhong—collectively referred to as the "Relevant Directors," and approximately 30 core members of the company's senior management, collectively referred to as the "Relevant Managers," intend to increase their holdings of the company's ordinary shares.
This decision is based on their confidence in the group's future development prospects and their recognition of the company's long-term investment value. The planned share purchases are scheduled to take place on the open market using personal funds during the period from June 11, 2026, to June 30, 2026, or within any other period as may be separately announced by the company.
All such share acquisitions will be conducted in compliance with the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited, other applicable laws, regulations, and relevant codes of conduct. According to the share purchase plan, the total cost for the combined share purchases by the Relevant Directors and Relevant Managers is not expected to exceed HK$100 million.
Each share purchase will be executed at the prevailing market price at the time of the transaction. The company has stated that it will not participate in or provide any financial assistance for this share purchase plan.
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