Ge Long Hui·2026-01-16 10:55Core Viewpoint - Kunlun Energy (00135.HK) announced a share buyback plan, indicating that the board believes the current trading price does not reflect the intrinsic value of the shares [1] Group 1: Share Buyback Details - The company plans to repurchase up to 86,590,000 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 is expected to enhance earnings per share and return on capital [1] - The repurchased shares are anticipated to be canceled at an appropriate time [1] Group 2: Board's Rationale - The board believes that the share buyback aligns with the overall interests of the company and its shareholders, reflecting confidence in the group's future development [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]