Zhi Tong Cai Jing·2026-01-16 10:53Group 1 - The company, Kunlun Energy (00135), has announced a share buyback plan to repurchase up to 86.59 million shares, which represents approximately 1% of the total issued share capital as of the announcement date [1] - The buyback will be funded using existing cash resources and is expected to enhance earnings per share and capital return, reflecting the board's confidence in the company's future development [1] - The actual buyback price per share will not exceed 5% above the average closing price of the shares over the preceding five trading days [1] Group 2 - The board plans to update the buyback authorization at the shareholders' annual meeting in 2026, with the buyback period extending until the end of the annual meeting in 2027 [1] - The company believes that the current trading price of its shares does not adequately reflect its intrinsic value, prompting the decision for the buyback [1]