The company AXERA (00600) has announced a plan to allocate no more than 70 million yuan from its internal funds over the next twelve months, starting from the date of this announcement, for the purchase of its H-shares.
This buyback will be conducted through professional trustees appointed under the company's H-share share award scheme, utilizing on-market transactions or other permitted methods. The specific timing, frequency, price, quantity, and batches will be determined by the company's management or authorized individuals from the board of directors. Any share awards granted under this H-share incentive plan, funded by existing shares purchased by the professional trustee, must comply with Rule 17.12 of the Hong Kong Stock Exchange's Listing Rules.
The board believes that proceeding with the share purchase under current conditions will demonstrate the company's confidence in its business outlook and prospects, ultimately benefiting the company and its shareholders. The group's current financial resources allow it to execute the share purchase using internal funds while maintaining a solid financial position to support the ongoing growth of its business.
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