ZG GROUP-W (06676) surged over 14% during trading. As of press time, the stock was up 12.79% to HK$2.47, with turnover reaching HK$5.0458 million.

ZG Group announced that based on firm confidence in the company's future development prospects and high recognition of its intrinsic value, and to effectively protect the interests of all shareholders while continuously consolidating market confidence and enhancing investment value, the board of directors resolved on September 29, 2025, to exercise the repurchase mandate. The company plans to repurchase up to 107 million Class A shares in the open market using existing internal financial resources at a maximum price of HK$10 per Class A share, subject to trading restrictions under the listing rules.

The announcement stated that if the company exercises the repurchase mandate to buy back Class A shares as planned, it will comply with the articles of association, listing rules, and other applicable laws and regulations. The board has no intention of exercising the repurchase mandate in circumstances that would materially adversely affect the company's working capital requirements or gearing levels that the board considers appropriate for the company from time to time.