On July 21, Chaozhou Three-Circle (06951.HK) rose 3.59% in regular trading, trading at HK$94.8/share, with turnover of HK$2.113 million.

On the news front, the company's board approved a share buyback proposal on July 20, planning to repurchase A-shares at a maximum price of RMB 135/share, with total funds ranging from RMB 450 million to RMB 900 million. The repurchased shares will be used for equity incentive plans, employee stock ownership plans, and to maintain company value and shareholder interests. Based on the upper funding limit, approximately 6.67 million shares would be repurchased, representing 0.34% of total share capital.

Since listing on the Hong Kong Stock Exchange on July 9 at an IPO price of HK$100.30, the H-shares had declined over 12%, with the stock trading as low as HK$87.65 on July 20. The substantial buyback signals management's confidence in the company's intrinsic value and is expected to alleviate short-term selling pressure.

(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.)