Shenzhen Woer Heat-Shrinkable Material Co.,Ltd. (HKG: 09981) announced a board-approved plan to repurchase its H-shares under a general mandate, with a total consideration not exceeding HK$150 million (including the principal amount).

The repurchase is capped at 10% of the total issued H-shares (excluding any H-share treasury shares, if applicable) as of the date the general mandate was approved.

Citing a need to safeguard company value and shareholder interests, while responding to market changes and operational demands, the board expressed strong confidence in the company's future growth prospects and a high recognition of its intrinsic value. To further protect shareholder equity and bolster investor confidence, the decision was made after a comprehensive review of the company's business outlook, operational performance, financial health, future earning potential, and the recent trading performance of its H-shares in the secondary market.