Akeso Announces HK$200.00 Million Share Buyback and HK$50.00 Million Insider Purchases

Bulletin Express06-11

Akeso, Inc. (Stock Code: 09926) disclosed that its board has approved the deployment of up to HK$200.00 million in existing cash to repurchase ordinary shares on the open market. The buyback will be executed through the trustee of the company’s 2021 restricted share unit scheme.

In a concurrent move, Chairwoman and CEO Dr. Xia Yu, together with three executive directors and the CFO, plan to acquire additional shares worth up to HK$50.00 million in aggregate using personal funds.

The board stated that the current market price does not fully reflect the company’s intrinsic value or business prospects and views the transactions as an opportunity to enhance shareholder value.

Shareholders and potential investors are advised to exercise caution when dealing in Akeso’s securities.

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