ALEBUND-B (09637) announced that its board of directors has resolved to repurchase its H shares from time to time on the open market of The Stock Exchange of Hong Kong Limited, under the general mandate approved and granted to the directors by the company's shareholders at an extraordinary general meeting held on August 14, 2026, with the total amount not exceeding HK$100 million (including transaction costs such as brokerage commissions and stamp duty).
The share buyback is intended to safeguard the company's value and the interests of its shareholders. After taking into account, among other things, the trading performance of the H shares, the company's business and financial condition, its funding needs, and the overall interests of shareholders, the board considers the share buyback to be necessary and reasonable.
The board believes that the share buyback will demonstrate the company's confidence in its own business prospects and future development, and will ultimately benefit the company and create value for shareholders. Within the scope of the applicable share buyback mandate available at the relevant time, the company may repurchase further H shares depending on market conditions (in addition to those mentioned above).
The board believes that the company's existing financial resources will enable it to implement the share buyback while maintaining a sound financial position.
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