Group 1 - The company, Guoshengtang (02273), announced that shareholders approved a resolution at the annual general meeting on June 20, 2025, granting the board of directors the authority to repurchase up to 23.6965 million shares, representing 10% of the total issued shares as of that date [1] - On August 29, 2025, the board decided to exercise the repurchase authority, intending to buy back shares in the open market for a total price of up to 300 million Hong Kong dollars [1] - The board believes that the proposed share repurchase could enhance share value, thereby benefiting shareholders, and reflects the board's confidence in the company's long-term business prospects [1] Group 2 - The board also stated that the company's financial condition is stable, allowing it to conduct the proposed share repurchase while maintaining sufficient financial resources to support ongoing business growth [1]
固生堂拟回购股份