Tongguan Gold Group Limited disclosed that its board resolved on 16 June 2026 to activate an on-market share repurchase plan of up to HK$300.00 million, operating under the mandate approved by shareholders on 29 May 2026.

The mandate permits repurchase of up to 10% of the company’s issued share capital as of the annual general meeting date, equivalent to approximately 531.37 million shares. The authority remains valid until the conclusion of the next AGM or any earlier revocation or variation by shareholders.

Management stated that the programme will be funded entirely from internal resources, with no external financing required. Shares bought back will be held as treasury stock, enabling flexibility for cancellation, employee incentive schemes, re-issuance for financing, consideration in mergers or asset purchases, or fulfillment of convertible instrument obligations, subject to applicable regulations.

The board highlighted stable operations, sustainable profitability, and attractive valuation as key considerations for initiating the buy-back. Execution timing, quantity and pricing will depend on market conditions, and the company cautioned investors that no assurance can be given regarding specific repurchase details.