Wang On Group reports HK$1.50 million buyback; 420 million shares now pending cancellation

Bulletin Express
07/21

Wang On Group Limited disclosed that it repurchased 60.00 million ordinary shares on 20 July 2026 via the Hong Kong Stock Exchange at HK$0.025 per share, deploying HK$1.50 million under its existing mandate dated 19 August 2025.

Including this latest transaction, a total of 420.00 million shares—acquired over seven trading days from 13–21 July 2026 at prices ranging HK$0.022–0.025—remain repurchased but not yet cancelled. The cumulative consideration for these shares amounts to approximately HK$9.78 million, implying a volume-weighted average repurchase price of about HK$0.0233 per share.

The 420.00 million shares correspond to 2.97% of Wang On Group’s issued share capital as at the mandate date and 2.97% of the 14.17 billion shares then outstanding. Upon cancellation, the company’s issued share base would contract to roughly 13.75 billion shares.

Wang On Group is authorised to buy back up to 1.42 billion shares; after the transactions reported to date, around 996.67 million shares remain available under the mandate. In line with Hong Kong listing regulations, the company is subject to a moratorium on issuing new shares or disposing of treasury shares until 20 August 2026.

The filing confirms that all repurchases were executed in accordance with Hong Kong Stock Exchange requirements, and no treasury shares are held post-repurchase. The number of issued shares on record remains unchanged at 14.17 billion pending formal cancellation of the repurchased stock.

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