HUABAO INTL (00336) announced that within 12 months from the date of this announcement, the company may utilize up to HKD 500 million to repurchase its shares at appropriate times, subject to market conditions. In accordance with the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited, the company will cancel the repurchased shares and/or hold them as treasury shares, depending on the market conditions at the time of the buyback and the company's capital management requirements.