Core Viewpoint - The company has announced the initiation of a share buyback program for its H-shares, reflecting confidence in its business development and future prospects, aiming to create value for shareholders [1] Summary by Sections Share Buyback Authorization - The board has begun exercising the general mandate granted by shareholders at the annual meeting on May 16, 2025, to repurchase H-shares [1] - The maximum amount allocated for the buyback is RMB 500 million, with actual repurchase prices depending on market conditions and the fluctuation of the current H-share price compared to its issue price [1] Buyback Details - The company is authorized to repurchase up to 115,649,292 H-shares, which represents 10% of the total H-shares issued as of the special resolution passed at the shareholders' meeting, excluding treasury shares and those repurchased but not yet canceled [1] - The funds for the buyback will be sourced from the company's own financial resources [1] Strategic Rationale - The board believes that the share buyback under current market conditions will demonstrate the company's confidence in its business and ultimately benefit the company and its shareholders [1]
万物云(02602.HK)拟不超5亿元回购股份