JXR (01951) announced that, under the share repurchase authorization, the company is permitted to buy back up to 274 million shares on the Hong Kong Stock Exchange (HKEX), representing 10% of the total issued shares (excluding treasury shares) as of the annual general meeting date. The company believes that the current trading price of its shares does not reflect their intrinsic value or the actual business prospects of the company. Therefore, the board of directors has resolved to utilize the repurchase authorization to buy back shares on the open market from time to time for a total price of no less than HKD 100 million (the proposed share repurchase). The company views this move as a demonstration of confidence in its business development prospects and affirms that its existing financial resources are sufficient to support the proposed share repurchase while maintaining a sound financial position.