Creality (03388) announced that it intends to repurchase its H shares from time to time on the open market between the date of this announcement and March 31, 2027, under the general mandate to buy back H shares approved by shareholders at the company's annual general meeting held on June 30, 2026, with the total amount not exceeding US$50 million or its equivalent in Hong Kong dollars.
The board believes that conducting the share repurchase under the current circumstances will demonstrate the company's confidence in its own business prospects and outlook, and will ultimately benefit the company and its shareholders.
The board also believes that the company's current financial resources will enable it to maintain a sound financial position while implementing the share repurchase.
Comments