Axera Semiconductor Co., Ltd. (Axera) announced a voluntary plan to allocate up to RMB70.00 million of internal funds for repurchasing its H shares through on-market transactions and other permissible methods.
The purchases will be executed by a professional trustee within 12 months from 9 August 2026, with timing, frequency, price and volume determined by company management or an authorized delegate. Shares bought back will serve as the pool for grants under Axera’s existing H Share Award Scheme, which is subject to Rule 17.12 of the Hong Kong Listing Rules.
Management stated that the initiative signals confidence in Axera’s business outlook while maintaining the Group’s solid financial position. The board confirmed that current resources are sufficient to fund the programme without compromising ongoing operational growth.
All transactions will comply with the company’s articles of association, the Hong Kong Listing Rules and other applicable regulations. The board emphasised that the actual scale and pricing of repurchases will depend on prevailing market conditions, and no assurance can be given regarding the exact timing or volume of shares to be acquired.
Shareholders and potential investors are advised to exercise caution when dealing in Axera’s securities.
Comments