XXF Group (02473) has announced that its board of directors intends to utilize the general mandate granted by shareholders at the company's annual general meeting held on June 18, 2025, which authorizes the board to repurchase the company's shares. Under this repurchase authorization, the company is permitted to buy back up to 10% of the total issued shares as of the date of the annual general meeting, amounting to a maximum of 155 million shares.

To promote the sustainable operation and development of the company, safeguard the long-term interests of investors, and maximize shareholder value, the board has decided, after comprehensive consideration of the company's current operational and financial conditions as well as its future development prospects, to implement a share repurchase program. Between the date of this announcement and the conclusion of the next annual general meeting (when the repurchase authorization will expire), or until shareholders revoke or amend the authorization at a general meeting, the company will, depending on market conditions and within the scope of the authorization, repurchase shares on the open market from time to time, utilizing a maximum total amount of HKD 100 million.

The actual repurchase price per share shall not exceed the average closing price of the shares for the five consecutive trading days immediately preceding each repurchase by 5% or more. The board believes that the share repurchase plan is in the overall best interests of the company and its shareholders.