China Literature Limited (China Lit) disclosed via a Next Day Disclosure Return that it repurchased 200,000 ordinary shares on 28 October 2026. The on-market transactions were executed at prices ranging between HK$21.86 and HK$22.54, resulting in a volume-weighted average cost of HK$22.09 per share and an aggregate consideration of HK$4.42 million.
Key takeaways:
• No Change in Outstanding Shares: Issued share capital remained at 1.01 billion shares as at 28 October 2026, as the repurchased shares have not yet been cancelled or converted to treasury stock.
• Ongoing Cancellation Pipeline: Including the latest purchase, a total of 2.26 million shares—equivalent to approximately 0.22% of current issued shares—are pending cancellation.
• Repurchase Mandate Utilisation: Since shareholders approved a 102.15 million-share buyback mandate on 2 June 2026, China Lit has bought back 20.11 million shares, representing 1.97% of the company’s share base at the mandate date.
• Moratorium on New Issues: In line with Hong Kong listing rules, China Lit is restricted from issuing new shares or transferring treasury shares until 27 November 2026, 30 days after the most recent repurchase.
The company confirmed that all repurchases were conducted in accordance with Hong Kong Stock Exchange regulations and that no material changes have been made to the explanatory statement filed on 30 April 2026.
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