Pacific Basin (02343) has announced a share repurchase program scheduled to run from March 4, 2026, to December 31, 2026, inclusive. The buyback will be executed under the authority granted to the board by shareholders at the annual general meeting held on April 25, 2025, and the authority expected to be granted at the upcoming annual general meeting on April 22, 2026. The maximum amount allocated for the repurchase is $40 million, equivalent to approximately HK$3.12 billion. For illustrative purposes, if the full $40 million is utilized based on the closing share price of HK$3.56 on March 3, 2026, the company could repurchase shares representing about 1.70% of the total issued shares as of the announcement date. The company's financial position remains solid. The board believes the share repurchase plan reflects confidence in the company's long-term business prospects and growth potential. Furthermore, the company expects that actively optimizing its capital structure through the buyback will enhance earnings per share, net asset value per share, and overall shareholder returns.