Coolpad Group Limited (stock code: 2369) has announced a proposal to refresh its general mandate for share repurchases, following the near-complete utilization of its existing repurchase mandate. Shareholders will be asked to approve the new mandate at an Extraordinary General Meeting (EGM) on 27 November 2025 at 3:00 p.m.

The existing repurchase mandate, approved at the 2024 and 2025 annual general meetings, allowed the company to repurchase up to 10% of its issued shares. Since 10 June 2025, Coolpad Group has bought back around 40,887,000 shares, representing about 9.98% of its total share base at the time of the mandate’s issuance. This leaves approximately 65,519 shares available under the current mandate, prompting the proposal to refresh the authorization.

If approved, the new mandate would enable the company to repurchase up to 10% of its issued shares. According to the announcement, this flexibility is intended to allow the company to continue repurchasing shares at times it believes to be beneficial for shareholders. The vote on the resolution will take place at Coolpad Group’s EGM, with further procedural details specified in the circular. The refreshed mandate will remain in effect until the next annual general meeting or its earlier revocation or variation by shareholders.