Core Viewpoint - Tianli International Holdings (01773) announced that the board intends to exercise the general authority granted by shareholders at the annual general meeting on January 16, 2025, to repurchase company shares [1] Summary by Relevant Sections Share Repurchase Authorization - The company is authorized to repurchase up to 10% of the total issued shares (excluding 9.774 million shares repurchased on the Hong Kong Stock Exchange that have not been canceled as of the annual meeting date), which amounts to a maximum of 211 million shares [1] Purpose of Share Repurchase - The board aims to promote sustainable operations and development, safeguard long-term investor interests, and maximize shareholder value. This decision is based on a comprehensive assessment of the company's current operational and financial status, as well as future development prospects [1] Financial Details of the Repurchase - The company plans to utilize a maximum total of HKD 200 million to repurchase shares in the open market during the period from the announcement date until the next annual general meeting, or until the repurchase authority is revoked or amended by shareholders. The actual repurchase price per share will not exceed 5% of the average closing price over the five trading days preceding each repurchase [1] Board's Conclusion - The board believes that the share repurchase plan aligns with the overall best interests of the company and its shareholders [1]
天立国际控股行使购回授权 拟最高2亿港元回购股份