Gigadevice Semiconductor Inc. announced that the company will use no less than RMB 0.15 billion (inclusive) and no more than RMB 0.2 billion (inclusive) of its own funds to repurchase company shares through centralized bidding transactions, and the repurchased shares will be used entirely for cancellation and reduction of registered capital. The source of funds for the company's share repurchase will be supplemented by special repurchase loans provided by the Industrial and Commercial Bank of China on top of its own funds, with a borrowing amount not exceeding RMB 100 million. As of October 20, 2024, the company has paid RMB 0.0803074 billion in this repurchase, with the remaining repurchase amount not less than RMB 0.0696926 billion and not more than RMB 0.1196926 billion.