The board of QYUNS-B (02509) has stated that the company's current share price significantly undervalues its worth.
Expressing strong confidence in the firm's future growth prospects and a deep belief in its intrinsic value, the company has taken action to bolster market confidence and enhance its investment appeal.
Pursuant to the share repurchase mandate granted to the board by shareholders at the annual general meetings held on June 20, 2025, and May 29, 2026, the company repurchased a total of 3.4292 million ordinary shares on The Stock Exchange of Hong Kong Limited between November 6, 2025, and the date of this announcement.
These repurchased shares will be held as treasury stock.
The bought-back shares represent approximately 1.51% of the company's total issued share capital as of the announcement date.
The total consideration for the repurchase was approximately HK$65.66 million, excluding commissions and other related expenses.