Guolian Minsheng Securities Company Limited (GLMS SEC) has approved an A-share repurchase programme of between RMB100 million and RMB200 million, to be executed via on-market centralised price bidding within three months of 10 August 2026.

The company will fund the initiative entirely with internal resources. Repurchase orders will not exceed RMB13.00 per share, in line with regulatory limits (no more than 150% of the 30-day average trading price). Based on the price ceiling, the intended outlay equates to buying back 7.69 million to 15.38 million A shares—equivalent to 0.14%–0.27% of the current 5.68 billion total shares. Purchased stock will be recorded as treasury shares; any unsold portion outstanding three years after disclosure of repurchase results will be cancelled.

Management stresses that the buyback aims “to safeguard the value of the Company and the interests of shareholders.” Major shareholders (each holding over 5%), directors, and senior executives have confirmed they hold no plans to trim their stakes in the coming three or six months.

Financially, Guolian Minsheng reported total assets of RMB237.13 billion and net assets attributable to shareholders of RMB53.49 billion as at 31 March 2026. Monetary capital, net of client deposits, stood at RMB10.51 billion. Assuming the maximum RMB200 million is deployed, the expenditure would represent 0.08% of total assets, 0.37% of attributable net assets, and 1.90% of available cash—levels the Board considers manageable without impairing operations, R&D, solvency or future growth.

Key risks highlighted include potential non-execution if the share price stays above RMB13.00, possible modification or termination should material events arise, and regulatory changes that could alter the plan’s terms. The Board has authorised management to adjust implementation details within regulatory parameters and will disclose progress in a timely manner.