TONGSHIFU (00664) has officially announced a share repurchase initiative, revealing plans to allocate up to HK$118 million from its自有资金 to buy back its H-shares. The buyback program is authorized to commence from the date of this announcement and will remain effective until the expiration of the repurchase authorization period.

The company stated that this decision is grounded in strong confidence in its future development prospects and recognition of its long-term value, aiming to safeguard shareholders' interests and bolster investor confidence. The board of directors or its authorized representatives will carry out the repurchase in accordance with the existing share buyback authorization.

Depending on the final execution, the repurchased H-shares may either be cancelled or retained as treasury shares. The board believes this move aligns with the overall interests of both the company and its shareholders, underscoring the management team's steadfast belief in the business's forward-looking growth trajectory and its commitment to delivering sustained long-term value.