ZHOU LIU FU (06168) Seeks Shareholder Approval for H-Share Buyback Authorization

Stock News12-09

ZHOU LIU FU (06168) announced its intention to propose an authorization at the shareholders' meeting, allowing the board to repurchase the company's H-shares. This move aims to safeguard shareholder interests while considering the group's operational performance and business outlook.

Under the proposed H-share buyback authorization, the total number of H-shares repurchased during the relevant period using the company's internal funds or raised capital shall not exceed 10% of the total issued H-shares outstanding on the approval date of the resolution (excluding treasury shares and any repurchased but not yet canceled H-shares, if applicable).

The company may cancel any repurchased H-shares and/or hold them as treasury shares at its discretion, depending on market conditions and capital management requirements.

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