An announcement from Giga Device Semiconductor Inc. Class H ( (HK:3986) ) is now available.

GigaDevice Semiconductor Inc. has called its second extraordinary general meeting of 2026 for August 20 in Beijing, where shareholders will vote on a special resolution to authorize a repurchase of the company’s A shares through centralized bidding. The notice outlines key elements of the buyback plan, including the class of shares involved, implementation period, price range, funding sources, and arrangements for cancellation or transfer of repurchased shares.

The proposed repurchase program also includes measures to protect creditor interests and grants specific authorizations to the board to handle operational details of the buyback. If approved, the initiative would allow GigaDevice to actively manage its A-share capital structure, which could signal confidence in its valuation and potentially affect liquidity and ownership dynamics among mainland investors.