Core Viewpoint - The company, Tongfang Youyou (01868), plans to repurchase up to HKD 10 million of its shares in the open market, with the buyback to be implemented in phases by December 31, 2026, funded by its substantial cash reserves [1] Group 1 - The repurchased shares will be canceled, and relevant documents will be submitted to complete the cancellation process as per regulatory requirements [1] - The board believes that the current share price does not reflect the true value of the company and may not fully represent its business prospects [1] - The board is confident in the company's long-term development and overall business performance, asserting that the share buyback plan will ultimately benefit the company and create value for shareholders [1] Group 2 - The company has sufficient financial resources to implement the share buyback plan while maintaining a robust financial position [1]
同方友友(01868)拟回购最多1000万港元的股份