EL MONTE, Calif., Aug. 18, 2025 — Marking its third anniversary as a public company, GigaCloud Technology Inc (Nasdaq: GCT) announced a new share repurchase program authorized by its Board of Directors. The program allows the company to buy back up to $111 million of its Class A ordinary shares over the next three years, commencing August 17, 2025, and supersedes the previous program.
Larry Wu, Founder, Chief Executive Officer and Chairman, noted the company’s share price appreciation of 163% since its $41 million IPO in 2022 (as of August 15, 2025), attributing it to strong execution and market recognition. He added that GigaCloud has returned nearly $71 million to shareholders through buybacks since going public. Wu also stated that share repurchases serve as a tool to mitigate excessive stock price volatility, thereby protecting shareholder interests, and reaffirmed the company’s commitment to enhancing long-term shareholder value.
Chief Financial Officer Erica Wei stated that the program is backed by a strong balance sheet with no debt and consistent positive operating cash flows. She emphasized that this strategy enables the company to return capital to shareholders while maintaining the flexibility to pursue strategic growth initiatives.
The share repurchase program enables the Company to repurchase its ordinary shares through various methods, including open market transactions, privately negotiated transactions, block trades, or other legally compliant means. The Company may execute repurchase transactions in accordance with Rule 10b5-1 and Rule 10b-18 of the Securities Exchange Act of 1934, as amended. The number of shares repurchased and the timing of repurchases will depend on factors such as price, trading volume, general market conditions, the Company’s working capital needs, general business conditions, and other considerations. The Board of Directors will regularly review the program and may modify, suspend, or terminate it at any time. The Company intends to use its existing cash balance to fund the repurchases.
About GigaCloud Technology Inc
GigaCloud Technology Inc is an innovator in providing comprehensive global B2B technology solutions for the large parcel merchandise sector. Its B2B ecommerce platform, known as the “GigaCloud Marketplace,” integrates discovery, payments, and logistics tools into a user-friendly platform. The marketplace facilitates seamless cross-border transactions between manufacturers, mainly in Asia, and resellers, primarily in the U.S., Asia, and Europe, ensuring confidence, speed, and efficiency. The company delivers a complete solution, managing product transport from the manufacturer’s warehouse to the end customer’s doorstep at a single, fixed price. Initially focused on the global furniture market since its launch in January 2019, the marketplace has since broadened its scope to include categories like home appliances and fitness equipment. For detailed information, please visit the Company’s website: .
Forward-Looking Statements
This press release includes forward-looking statements, which reflect our current views on future events. These statements involve risks and uncertainties, based on the Company’s current expectations and projections regarding factors that may impact its financial condition, operating results, business strategy, and financial requirements. Such forward-looking statements can be identified by terms like “may,” “will,” “could,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “is/are likely to,” “propose,” “potential,” “continue,” or similar expressions. The Company is not obligated to publicly update or revise any forward-looking statements to reflect new information, events, or changes in expectations, except as legally required. While the Company believes its expectations are reasonable, it cannot guarantee their accuracy and advises investors that actual results may significantly differ from anticipated results. Investors are encouraged to review other factors that could affect the Company’s future performance, as detailed in its registration statement and other SEC filings.
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