Hong Kong–listed mobile-game developer XD Inc. (HKEX: 2400) announced marginal changes to its share capital as at 4 May 2026.

Key points

1. New share issue • On 4 May 2026 the company issued 1,000 ordinary shares following the exercise of employee share options granted under the June 2021 plan. • The transaction lifted total issued shares to 492.43 million, an increase of just 0.0002%.

2. Ongoing share buy-back programme • The same day, XD Inc. repurchased 120,000 shares on the exchange at prices ranging from HKD 63.00 to HKD 64.15, for a total outlay of HKD 7.61 million. • Including this latest purchase, 2.97 million shares bought between 25 March and 4 May 2026 remain outstanding pending cancellation, equivalent to roughly 0.60% of the current share base. • Cumulatively, the company has repurchased 5.66 million shares (1.15% of shares in issue when the mandate was granted on 29 May 2025) under its existing buy-back authorisation, which allows up to 49.17 million shares to be repurchased.

3. Capital structure snapshot (post-transaction, pre-cancellation) • Issued shares (excluding treasury shares): 492.43 million • Treasury shares: none (all repurchased shares await cancellation) • Moratorium: In line with HKEX rules, XD Inc. is restricted from issuing new shares for 30 days following the 4 May repurchase, ending 3 June 2026.

Implications

The negligible increase from option exercises is more than offset by the ongoing buy-back activity, which—once cancellations are effected—will modestly reduce the company’s share count and may enhance per-share metrics. The execution price of the latest repurchase (VWAP approximately HKD 63.44) sits near the lower end of the recent repurchase range (HKD 61.19–67.64 recorded since late March), indicating continued management commitment to capital return within the approved mandate.