TIANYU SEMI (02658) has unveiled a new buyback initiative, signaling strong confidence in its long-term prospects.

The company's board has approved a plan to repurchase its H-shares on the Hong Kong Stock Exchange, utilizing a general mandate granted by shareholders at the 2025 Annual General Meeting held on May 19, 2026.

Under this scheme, the maximum number of H-shares to be bought back will not exceed 10% of the total issued H-shares as of the date of the mandate's grant, excluding any treasury shares, amounting to 5.899 million H-shares.

This decision underscores the board's belief in the company's future growth, with the objective of safeguarding corporate value and shareholder interests while boosting investor confidence. In approving the plan, the board took into account the company's development outlook, operational and financial status, profitability, and the recent performance of its H-share price.