Kunlun Energy Spends HKD 5.11 Million to Repurchase 684,000 Shares, Bringing Mandate Usage to 4.12 Million Shares

Bulletin Express
Apr 09

Kunlun Energy Company Limited disclosed that on 9 April 2026 it repurchased 684,000 ordinary shares on the Hong Kong Stock Exchange, paying an aggregate HKD 5.11 million. The buy-back was executed within a price range of HKD 7.38 to HKD 7.52 per share, implying a volume-weighted average cost of about HKD 7.47.

Including this latest transaction, the company has acquired 4.12 million shares since the current repurchase mandate was approved on 29 May 2025. The cumulative volume represents 0.05% of the 8.66 billion shares outstanding as at the mandate date, leaving capacity to repurchase up to 861.76 million additional shares under the authorization.

All 4.12 million repurchased shares are earmarked for cancellation; however, none had been cancelled as of the reporting date. Consequently, Kunlun Energy’s issued share count remains unchanged at 8.66 billion.

In line with Hong Kong Listing Rules, Kunlun Energy is subject to a moratorium on issuing new shares until 9 May 2026, 30 days after the latest repurchase. The company affirmed that all repurchases complied with Main Board Rule 10.06 and reiterated there have been no material changes to the mandate’s explanatory statement filed on 30 April 2025.

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