China International Marine Containers (Group) Co.,Ltd. (SEHK: 02039) has announced its board's approval to continue its H-share repurchase program.

This decision aims to enhance investor confidence and aligns with regulatory encouragement for share buybacks.

The action will be executed under the 2026 general mandate for H-share repurchases, in compliance with the rules of The Stock Exchange of Hong Kong Limited, the company's articles of association, and other relevant laws.

The key details of the repurchase plan are outlined below.

Purpose and Disposal of Repurchased Shares

The shares bought back are intended to safeguard the company's value and shareholder rights.

The repurchased H-shares will be held as treasury shares and will be disposed of within three years after the announcement of the repurchase results, either through transfer or cancellation, as stipulated by the relevant rules and the 2026 mandate.

Subsequently, these shares may also be utilized for employee stock ownership plans, equity incentives, or for conversion of corporate bonds issued by the company, subject to necessary approval procedures.

Repurchase Amount and Funding Source

The maximum amount for the repurchase is HK$173 million, which represents the remaining funds under the existing authorization.

The funding will come from the company's internal resources or other legally compliant sources.

Daily Price Limit for Repurchases

In accordance with the Hong Kong listing rules, the daily repurchase price for H-shares will not exceed 5% or more above the average closing price of the H-shares over the five trading days preceding the repurchase date.

The specific limit will be determined based on market conditions.

Quantity of Shares for Repurchase

The total number of H-shares to be repurchased shall not exceed 10% of the total issued H-share capital as of the date the 2026 general mandate was approved, which was June 16, 2026, excluding any H-shares already held as treasury stock.