BLOKS (00325) announced that its board of directors intends to repurchase company shares on the open market from the announcement date through December 31, 2025. The company will fund the share repurchase program using existing available cash reserves and free cash flow (for the avoidance of doubt, such funds do not involve proceeds from the company's global share offering). The repurchased shares will be used for subsequent employee equity incentive programs. According to an ordinary resolution passed by shareholders at the Annual General Meeting held on June 6, 2025, the board has been granted general and unconditional authorization to repurchase shares not exceeding 10% of the total number of issued shares of the company as of June 6, 2025 (excluding treasury shares), which amounts to no more than 24.925 million issued shares of the company.