ONEROBOTICS Proposes Additional H-Share Purchases Under Incentive Scheme

Stock News06-21 18:18

ONEROBOTICS has announced an update regarding the adoption of its H-share incentive plan and the related share purchases.

The company has appointed a trustee to administer the plan and to purchase H-shares on the open market from time to time, in accordance with the plan's rules, for the future grant of reward shares.

The Board of Directors expressed strong confidence in the Group's operational performance, long-term development prospects, and the investment value of its H-shares.

They believe the company's H-shares are currently undervalued, with the present market price failing to fully reflect the company's fundamental strengths and long-term growth potential.

The Board considers the current period an opportune time to further accumulate reward shares under the plan.

The company currently anticipates conducting further share purchases with a total consideration not exceeding HK$500 million.

Should the company's share price remain undervalued in the future, the company may, after considering all relevant circumstances, allocate additional funds for further share purchases to support the implementation of the plan going forward.

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