RIBOLIFE-B Plans Up to RMB 1 Billion H-Share Buyback and Purchase Program

Stock News06-08

RIBOLIFE-B has announced its intention to utilize up to RMB 1 billion of internal funds for a share purchase program.

The company plans to appoint a professional trustee to acquire its H-shares over a twelve-month period starting from the announcement date.

These purchases will be conducted under the company's H-share incentive plan through market transactions or other permitted methods.

Any share awards granted using these purchased shares as a source will comply with the relevant Hong Kong listing rules.

Furthermore, the company intends to use the general mandate granted by shareholders to repurchase its own H-shares on the open market during the same twelve-month period.

This share buyback is also planned to utilize up to RMB 1 billion, with the repurchased shares to be held as treasury stock.

The board believes that undertaking these share purchase and buyback activities in the current market demonstrates confidence in the company's business prospects.

These actions are expected to ultimately benefit the company and its shareholders.

The company states that its current financial resources allow for these programs while maintaining a solid financial position to support ongoing operational growth.

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