RIMAG GROUP (02522) Announces Repurchase of 4.446 Million H Shares

Stock News12-08

RIMAG GROUP (02522) has issued an announcement regarding the repurchase of its H shares. Based on the general authorization approved by shareholders at the annual general meeting held on April 23, 2025, the company intends to repurchase additional H shares from the open market from time to time, with a total repurchase amount not exceeding HKD 200 million (subject to final approval by the State Administration of Foreign Exchange).

Under the repurchase authorization, the company is permitted to buy back up to 24.9378 million H shares, representing 10% of the total issued H shares (excluding treasury shares) as of the AGM date.

As of the announcement date, the company has repurchased a total of 4.446 million H shares under the authorization, accounting for approximately 17.83% of the maximum allowable repurchase volume. The repurchases will be funded by the company's internal resources.

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