DEKON AGR (02419) announced that it has resolved to exercise the general mandate (share buyback mandate) powers granted by the board of directors under the resolution passed by the company's shareholders at the 2024 Annual General Meeting held on April 22, 2025, to repurchase the company's H shares subject to market conditions.

The board of directors has decided to exercise the share buyback mandate, with the proposed total repurchase amount not exceeding HK$500 million. The H shares repurchased will primarily be used for employee share ownership plans, equity incentives, or other circumstances permitted by laws and administrative regulations.

The board will conduct H share repurchases in the open market at appropriate times based on market conditions (the proposed share buyback). According to the share buyback mandate, the number of H shares to be repurchased shall not exceed 10% of the total number of issued H shares on the date when the special resolution was passed at the Annual General Meeting (excluding any H shares that have been repurchased but not yet cancelled), which amounts to 12.8064 million H shares.