FS.COM Limited announced that its board approved a plan to repurchase up to 5% of the company’s issued H shares on the Hong Kong Stock Exchange under the general mandate granted on 28 May 2026.
The aggregate repurchase outlay will not exceed HK$350.00 million, to be funded by internally generated and/or self-raised capital that is legally available for the purpose.
Pricing for each repurchase must not exceed a 5% premium to the average closing price of the shares over the five trading days preceding the transaction, in line with Listing Rule 10.06(2).
The buy-back window runs from 10 June 2026—when the board resolution was passed—until the earlier of: 1) the conclusion of the 2026 annual general meeting to be held in 2027 (unless the mandate is renewed), or 2) any revocation or variation of the mandate by a shareholders’ resolution.
Repurchased shares may be cancelled to reduce registered capital, retained as treasury shares, or used for employee incentive schemes, subject to compliance with the Articles of Association, Listing Rules, and PRC regulations.
The board stated that the current market price does not fully reflect the company’s intrinsic value and that the repurchase will help safeguard shareholder interests while maintaining a sound financial position.
FS.COM confirmed that the mandate will not be exercised to a level that breaches minimum public float requirements or triggers a mandatory general offer under the Takeovers Code.
Shareholders and potential investors are cautioned that execution of the buy-back, including its timing, quantity, and price, will depend on market conditions and capital management needs.
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