China Lit Buys Back Additional 0.40 Million Shares; Total 2026 Repurchases Reach 13.38 Million

Bulletin Express08-28 17:44

On 28 August 2026, China Literature Limited (China Lit) executed an on-market repurchase of 0.40 million ordinary shares, paying between HKD 19.92 and HKD 20.28 per share. The transaction cost HKD 8.03 million, implying a volume-weighted average price of approximately HKD 20.08 per share. All repurchased shares are intended for cancellation.

Including this latest transaction, China Lit has bought back 2.80 million shares between 20 and 28 August 2026 (400,000 shares daily over seven trading sessions) that are still pending cancellation. These shares represent about 0.27% of the company’s 1.02 billion issued shares outstanding as at 28 August 2026, which remain unchanged until the cancellations are processed.

Year-to-date under the share-repurchase mandate approved on 2 June 2026, the company has acquired 13.38 million shares, equivalent to 1.31% of the shares outstanding on the mandate date. The mandate permits China Lit to repurchase up to 102.15 million shares, leaving a balance of roughly 88.77 million shares—more than 86% of the original authorization—still available.

In accordance with Hong Kong Stock Exchange rules, China Lit is subject to a 30-day moratorium on issuing new shares or transferring any treasury shares until 27 September 2026.

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