Bairong Inc. (6608) Announces Plan for On-Market Share Repurchase Up to HK$450 Million

Bulletin Express12-01

Bairong Inc. (6608) announced a resolution to repurchase its Class B shares on the open market over the next 12 months, targeting a total value of up to HK$450 million. The plan is pursuant to the share repurchase mandate approved by shareholders at the annual general meeting on May 30, 2025, and any similar mandates subsequently renewed.

The company stated that the repurchase will adhere to all applicable laws and regulations in Hong Kong and the Cayman Islands. The initiative reflects the company’s confidence in its business outlook, although there is no assurance regarding the exact timing, quantity, or price of any repurchases. The company noted that further developments will depend on market conditions and will be at the Board’s discretion.

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