Core Viewpoint - The company has observed unusual fluctuations in its share price and trading volume, but confirms no knowledge of any reasons for these changes or any undisclosed information that could affect the market [1][2] Group 1: Share Price and Trading Volume - The board has noted abnormal changes in the trading price and volume of the company's shares [1] - After reasonable inquiries, the board confirmed no known reasons for the unusual fluctuations in share price and trading volume [1] Group 2: Business Operations and Financial Status - The board confirmed that the group's business operations remain normal and that there are no significant changes in the business or financial status [1] Group 3: Share Buyback Authorization - The board received authorization from shareholders at the annual general meeting held on June 6, 2025, to repurchase up to 10% of the total issued shares as of that date [1] - The company plans to repurchase shares at a price not exceeding HKD 17 per share, with a total amount not exceeding USD 100 million [1] - The company will utilize its existing cash flow or working capital for the share buyback, in compliance with applicable laws and regulations [1] Group 4: Confidence in Business Development - The company believes that the share buyback reflects confidence in its business development and prospects [2] - The board considers the current robust financial position sufficient to support the share buyback while maintaining ample financial resources for business development [2] - The implementation of the share buyback plan aligns with the overall interests of the company and its shareholders [2]
山高控股计划回购不超过1亿美元的股份