XD INC (02400) Plans to Repurchase Up to HK$400 Million Worth of Shares

Stock News
01/05

XD INC (02400) announced that on January 5, 2026, it entered into an agreement with an independent broker to operate an automatic share repurchase plan under the outlined terms. According to the share repurchase agreement, the company has set parameters for the broker to buy back up to HK$400 million worth of its shares on the Stock Exchange. The broker will execute all share repurchases based on the parameters agreed upon in the share repurchase agreement and will act independently of the company and its connected persons, free from their influence. Unless amended or terminated earlier under the terms of the share repurchase agreement, the automatic share repurchase plan will be effective from its commencement date until June 4, 2026 (the final expiry date). Prior to the final expiry date, if the amount utilized for repurchasing shares reaches HK$400 million, the broker has the right to designate an earlier expiry date to formally conclude the automatic share repurchase plan. In any event, the automatic share repurchase plan is expected to remain effective during the entire restricted period, as stipulated under Rule 10.06(2)(e) of the Listing Rules, from the publication of the company's annual results for the fiscal year ending December 31, 2025, up to the final expiry date.

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