Core Viewpoint - The company, Wanwu Cloud (02602), has announced a decision by its board to utilize the share buyback authorization to repurchase H-shares in the open market, with a funding cap of RMB 500 million [1] Summary by Relevant Sections Share Buyback Plan - The board plans to repurchase H-shares based on market conditions and the current market price of the company's H-shares compared to their issuance price, adhering to the rules of the Hong Kong Stock Exchange and applicable laws [1] - The company is authorized to buy back a maximum of 115,649,292 H-shares, which represents 10% of the total H-shares issued as of the special resolution passed at the annual general meeting, while maintaining sufficient public float [1] Financial Implications - The funds required for the share buyback will be allocated from the company's own financial resources [1] - The board believes that the share buyback under current market conditions reflects the company's confidence in its business development and prospects, ultimately benefiting the company and creating value for shareholders [1]
万物云(02602)拟回购最多5亿元H股