The board of directors of GWMOTOR (HKG: 02333) has been granted a general mandate for H-share repurchases, as approved by shareholders at the annual general meeting held on June 26, 2026. This authorization permits the buyback of up to 10% of the company's total issued H-shares, excluding treasury shares, as of the date the resolution was passed.

The repurchase program is set to be executed intermittently in the open market and will remain effective until the earlier of the conclusion of the company's next annual general meeting or the 12-month anniversary of the authorization's grant.

The company intends to fund the share repurchases using its internal financial resources. H-shares acquired through this program will subsequently be canceled or held as treasury shares.

The board expressed confidence that executing a share buyback under current conditions demonstrates the company's positive outlook on its business prospects. They believe the action will ultimately benefit the company and create value for shareholders.

The board further stated that the company's existing financial resources are sufficient to support the share repurchase while maintaining a sound financial position.