Summary by Futu AI
Guangzhou Automobile Group Co., Ltd. ("GAC Group") announced on June 4, 2024 that it will adjust the maximum repurchase price for A-shares from June 13, 2024 according to the profit distribution plan for 2023. The original repurchase price limit was set at no more than 13.34 yuan per share, which has been adjusted to no more than 13.24 yuan per share. This adjustment is based on the plan passed by the company's shareholders' meeting on May 20, 2024, which includes distributing a cash dividend of RMB 0.1 per share to all shareholders at the end of 2023. GAC Group stated that, in addition to the price adjustment, other conditions and matters related to share repurchase remain unchanged, and it will comply with relevant laws and regulations and fulfill disclosure obligations in a timely manner.