GUOQUAN (02517) Plans to Repurchase H Shares Worth Up to HK$100 Million

Stock News
2025/09/25

GUOQUAN (02517) announced that on September 25, 2025, the board of directors resolved to further repurchase H shares in the open market using the company's own funds, with a maximum amount of HK$100 million, under the share repurchase authorization from September 26, 2025, until the expiration of the share repurchase authorization.

The actual repurchase price per H share in each repurchase shall not exceed a premium of 5% or more compared to the average closing price of H shares during the five trading days immediately preceding each repurchase. The H shares repurchased under the share repurchase authorization may be cancelled or held as treasury shares.

The board believes that the current share trading price does not fully reflect the company's intrinsic value and business prospects. Conducting share repurchases under the current circumstances will demonstrate the company's and management team's confidence in the company's business development prospects and growth potential, which will ultimately benefit the company and create value for shareholders.

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