China Literature Limited (abbreviated as CHINA LIT) filed a Next Day Disclosure Return on 27 October 2026, detailing the latest progress of its on-market share repurchase programme.
On 27 October, CHINA LIT bought back 200,000 ordinary shares on the Hong Kong Stock Exchange at prices between HKD 21.62 and HKD 21.90, for a total consideration of HKD 4.35 million. The shares are earmarked for cancellation.
The transaction leaves the company’s issued share capital unchanged at 1.01 billion shares, as the repurchased shares have not yet been cancelled.
Including the 27 October purchase, CHINA LIT has executed 11 on-market buybacks between 2 October and 27 October. These total 2.06 million shares pending cancellation at a volume-weighted average price of approximately HKD 20.99 per share, representing an aggregate cash outlay of about HKD 43.25 million.
All repurchases were conducted under the buyback mandate approved on 2 June 2026, which authorises the company to repurchase up to 102.15 million shares. To date, 19.91 million shares have been repurchased under this mandate, equal to 1.95% of the issued share count as at the mandate date.
Under Main Board Rule 10.06, CHINA LIT is subject to a 30-day moratorium on issuing new shares, or selling or transferring any treasury shares, until 26 November 2026. The company confirms that all repurchases complied with the Hong Kong Listing Rules and that no material changes have been made to the explanatory statement dated 30 April 2026.
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