CSFG-NEW (00412) announced that the Board of Directors has noted abnormal fluctuations in the company's share price and trading volume recently. After making all reasonable inquiries regarding the company under the circumstances, the Board confirmed that it is not aware of any reasons for such abnormal fluctuations in share price and trading volume; or any information that should be disclosed to avoid a false market in the shares; or any inside information that should be disclosed under Rule 13.09(2) of the Listing Rules and Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong). The Board also confirmed that the Group's business operations remain normal, and there have been no material changes to the Group's business operations and financial condition.

The Board received repurchase authorization from the company's shareholders at the Annual General Meeting held on June 6, 2025, to repurchase no more than 10% of the total issued shares as of the date the resolution was passed at the AGM. The Board hereby announces that it has formally resolved to authorize management to execute a share repurchase program from time to time at appropriate times in the open market using the repurchase authorization.

The company plans to repurchase shares at a price not exceeding HK$17 per share, with a total amount not exceeding US$100 million. The company will use its existing cash flow or working capital, and will repurchase shares using funds that can be legally allocated for such purposes in accordance with the company's Articles of Association, the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited, and applicable laws in Hong Kong and Bermuda.

The company believes that the share repurchase reflects the company's confidence in its own business development and prospects, and the share repurchase program aligns with the company's long-term development strategy. The Board believes that the company's existing robust financial position is sufficient to support the share repurchase while maintaining adequate financial resources to meet its business development needs. Implementing the share repurchase program is in the overall interests of the company and its shareholders.