FENBI (02469) announced that, pursuant to the general mandate granted by its shareholders at the annual general meeting held on June 27, 2025, the company's board of directors intends to repurchase shares (Share Repurchase) in the open market within six months from the date of this announcement, with a total amount not exceeding HK$200 million, subject to market conditions and the company's funding arrangements. The total number of shares to be repurchased will not exceed 223 million shares (equivalent to 10% of the total issued shares of the company as of the date of the annual general meeting, excluding treasury shares, if any).

The company currently maintains robust cash flow and stable overall financial conditions, which can support the sustained development of its business. The board believes that the market value of the shares is undervalued. Additionally, the board considers that the Share Repurchase demonstrates the company's confidence in its business outlook and prospects, enhances returns for shareholders, and will ultimately benefit the company by creating value for shareholders, aligning with the overall interests of both the company and its shareholders.