PHANCY (06682) has announced that the company has authorized its appointed independent professional trustee, which manages the H-share restricted share unit scheme, to purchase the company's H-shares on the market at prevailing prices in accordance with the scheme's rules.

The Board of Directors believes that the current market price of the company's shares is undervalued and does not fully reflect the long-term value and growth potential of the group as a leading AI full-stack cloud platform in China. The board views this as a favorable opportunity to acquire shares for future grants under the scheme.

The company expressed strong confidence in the long-term development prospects of the group. It stated that the scheme is not only an effective tool for retaining and attracting outstanding talent but also deeply integrates talent development with the creation of long-term shareholder value by incentivizing the core team. This is expected to provide sustained and powerful momentum for the group to maintain its industry-leading position in the AI 2.0 era.

On June 18, 2026, the trustee purchased a total of 500,000 H-shares on the exchange.