---
title: "GUOQUAN plans to use no more than 100 million repurchased shares as one of the sources for the share scheme"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/290957336.md"
description: "GUOQUAN announced that it plans to use no more than 100 million repurchased shares for the proposed share plan. The company has previously repurchased a total of 176 million shares, and the remaining portion is expected to be canceled within six months. In addition, according to the authorization of the 2025 annual shareholders' meeting, all newly repurchased shares will be used for cancellation"
datetime: "2026-06-26T11:21:03.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/290957336.md)
  - [en](https://longbridge.com/en/news/290957336.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/290957336.md)
---

# GUOQUAN plans to use no more than 100 million repurchased shares as one of the sources for the share scheme

According to the announcement from Guoquan (02517), as of the date of this announcement, the company has repurchased a total of 176 million shares based on the general authorization granted at the 2023 Annual General Meeting, the 2024 Annual General Meeting, and the 2025 Annual General Meeting. These shares may be canceled or held as treasury shares. The Board of Directors hereby announces that the company intends to use up to 100 million of the repurchased shares for one of the sources of shares for the share plan proposed to be adopted within six months from the date of this announcement (subject to approval and adoption), and the remaining shares are expected to be canceled within six months from the date of this announcement. In addition, any shares repurchased by the company under the general authorization granted at the 2025 Annual General Meeting will be used entirely for cancellation (unless otherwise required by applicable laws and regulations, regulatory requirements, or as decided by the shareholders' meeting or the Board of Directors)

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