Movement Alert｜UNISOUND Rises 5.85% in Regular Trading, HKD 100 Million Buyback Plan Combined with CEO and Executive Director Share Purchases

On July 24, UNISOUND rose 5.85% in regular trading, trading at HKD 74.8 per share, with turnover of HKD 71.968 million.

On the news front, the company announced on July 23 that its board approved a plan to repurchase H shares worth up to HKD 100 million on the open market within six months, subject to a buyback authorization cap of 4,510,988 shares. Repurchased shares will be cancelled with corresponding reduction in registered capital or held as treasury shares.

On the same day, the company disclosed that controlling shareholder and CEO Dr. Huang Wei purchased 56,000 H shares between July 6 and July 16 using personal funds totaling approximately HKD 4 million. Executive Director Dr. Liu Shengping also acquired 15,140 shares during the same period for approximately HKD 1.1259 million. The board stated the buyback demonstrates confidence in business outlook and will ultimately benefit shareholders and create value, while affirming that existing financial resources are sufficient to support the repurchase while maintaining a robust financial position.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)