ZHOU HEI YA (01458) has issued an announcement stating that its board of directors has passed a resolution to repurchase up to 211 million of the company's shares on the open market from time to time. The repurchase period will commence on March 27, 2026, and conclude at the end of the annual general meeting to be held in 2027. These shares represent approximately 10.0% of the company's total issued share capital as of the announcement date. This initiative is based on the general and unconditional mandate for share repurchases approved by shareholders at the annual general meeting held on May 16, 2025, as well as a similar mandate that the company intends to propose at its upcoming 2026 annual general meeting, if applicable. The company believes that, under the current circumstances, the proposed share buyback demonstrates confidence in its business outlook and prospects. It is expected that the repurchase will ultimately benefit the company and create value for shareholders. The board of directors is of the opinion that the company's existing financial resources are sufficient to support the share repurchase while maintaining a solid financial position.
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