Yuewen Group (00772) plans to repurchase the company's shares

Zhitong Finance App News, Yuewen Group (00772) issued an announcement. The board of directors has approved a plan to exercise the power of the company's shareholders under the general mandate granted to the board of directors at the company's annual shareholders' meeting held on May 30, 2025 to repurchase the company's shares. According to this, shareholders approved the repurchase authorization on the market of no more than 10% of the company's issued shares on the day of the annual shareholders' meeting. Any share repurchase after the expiration of the existing repurchase authorization will not take place until the shareholders have granted general authorization to repurchase the shares from the board of directors at the next annual general meeting of shareholders to be held by the company in 2026. The maximum total number of shares that can be repurchased under the repurchase authorization is no more than 102.2 million shares, and the maximum amount of capital to be used under the proposed share repurchase scheme is HK$1.2 billion.