ZG GROUP-W (06676) announced that on June 27, 2025, shareholders reviewed and approved a general and unconditional mandate authorizing the board of directors to repurchase up to 10% of the company's total issued and outstanding A-shares (excluding treasury shares) as of the resolution date, representing approximately 107 million A-shares.

Based on firm confidence in the company's future development prospects and high recognition of its intrinsic value, and to effectively protect the interests of all shareholders while continuously strengthening market confidence in the company and enhancing its investment value, the board of directors resolved on September 29, 2025, to exercise the repurchase mandate. The company plans to repurchase up to 107 million A-shares in the open market using existing internal financial resources at a maximum price of HK$10 per A-share, subject to trading restrictions under the listing rules.

Should the company exercise the repurchase mandate to buy back A-shares as planned, it will comply with the articles of association, listing rules, and other applicable laws and regulations. The board has no intention of exercising the repurchase mandate under circumstances that would materially and adversely affect the company's working capital requirements or capital and debt levels that the board considers appropriate for the company from time to time.