Neo-Neon Holdings Limited (“Neo-Neon”) plans to utilize up to HKD10 million to repurchase ordinary shares on the open market by 31 December 2026. According to the board of directors, the repurchase will be executed under the general mandate granted at the annual general meeting on 20 June 2025, with the repurchased shares to be withdrawn upon completion.

The board indicates that the share price may not fully reflect the company’s business outlook. The total repurchases will not exceed 10% of Neo-Neon’s share capital, and the public float will remain above 25%. The repurchase price shall not be higher by 5% or more than the average closing market price over the five trading days immediately preceding each transaction. The final timing, quantity, and price of repurchases will be subject to market conditions and the board’s discretion.