SUNAC SERVICES Buys Back 23.60 Million Shares—0.77% of Share Capital—under May 2026 Mandate

Bulletin Express
06/29

Sunac Services Holdings Limited reported no change to its issued share capital as of 29 June 2026, maintaining 3.03 billion ordinary shares in issue. However, between 28 May and 29 June 2026 the company repurchased 23.60 million shares for cancellation, equal to 0.77 % of the shares outstanding on the 22 May 2026 mandate date.

Key details

1. Latest daily repurchase • 29 June 2026: 0.30 million shares bought on the Hong Kong Stock Exchange at HK$0.74–0.75, costing HK$0.22 million (VWAP: HK$0.7457).

2. Cumulative repurchases pending cancellation (28 May–29 June 2026) • Volume: 23.60 million shares • Aggregate consideration: approximately HK$20.37 million, implying an average price of about HK$0.86 per share. • Pro-forma impact: 0.78 % of the current 3.03 billion issued shares.

3. Repurchase mandate utilisation • Authorised shares under 22 May 2026 mandate: 304.90 million. • Shares repurchased to date: 23.60 million, representing 0.77 % of the authorised amount, leaving over 281 million shares available for future buybacks. • A 30-day moratorium on new share issues or treasury share sales is in effect until 29 July 2026 following the latest repurchase.

The board has confirmed that all repurchase activities complied with Hong Kong Listing Rules and relevant regulatory requirements. No treasury shares are held, and all repurchased shares are intended for cancellation, implying incremental accretion for continuing shareholders once the cancellations are processed.

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