DOBOT (02432) has announced that the trustee appointed by the company to administer its H-share incentive scheme will, following the company's instructions and the scheme's rules, utilize scheme funds to purchase H shares in the secondary market at prevailing market prices. This action is to satisfy awards granted under the H-share incentive plan.

The company's board of directors expressed strong confidence in the group's operational performance and future growth prospects. However, the company believes its current H-share valuation is underestimated and does not fully reflect its fundamental strengths and long-term growth potential. It considers the present time an opportune moment to proceed with share acquisitions to further implement the H-share incentive scheme.

The company currently anticipates the total cost of the share purchases will not exceed HK$200 million.