Million Hope (01897) Announces Share Repurchases and No Change in Issued Shares

Bulletin Express
Jan 29

Million Hope Industries Holdings Limited (Stock Code: 01897) released a Next Day Disclosure Return dated 29 January 2026. According to the document, the number of issued ordinary shares remained at 405,939,630, showing no change from the opening balance on 27 January 2026.

The announcement listed several repurchase activities that were conducted between 12 November 2025 and 29 January 2026 but had not yet been cancelled as of 29 January 2026. Notably, 60,000 shares were repurchased on 29 January 2026 at a price of HKD 0.48 per share, amounting to a total consideration of HKD 28,800. The company confirmed that these share repurchases have been carried out in accordance with the mandates and relevant listing rules.

The document further highlighted the existing repurchase mandate approved on 19 August 2025, which authorizes up to 40,692,763 shares. As of the date of the announcement, the total number of shares repurchased under that mandate stood at 2,034,000, representing approximately 0.49% of the issued shares at the time the mandate was granted. A moratorium period on new share issuances applies up to 28 February 2026, following the repurchases disclosed on 29 January 2026.

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