Zhi Tong Cai Jing·2026-01-16 10:52Core Viewpoint - Kunlun Energy (00135) has announced a share buyback plan, indicating that the board believes the current trading price does not reflect the company's intrinsic value [1] Group 1: Share Buyback Details - The company plans to repurchase up to 86.59 million shares, which is approximately 1% of the total issued share capital as of the announcement date [1] - The buyback will be funded using existing cash resources, and any repurchased shares are expected to be canceled at an appropriate time [1] - The actual repurchase price per share will not exceed 5% above the average closing price of the shares over the five trading days preceding each buyback [1] Group 2: Rationale Behind the Buyback - The board believes that the share buyback will enhance earnings per share and capital return, aligning with the overall interests of the company and its shareholders [1] - The decision reflects the board's confidence in the future development of the group [1]