Hygea Healthcare (06078)) plans to repurchase the company's shares

Zhitong Finance App News, Hygeia Healthcare (06078) issued an announcement on matters relating to the general authorization granted by the Company's shareholders to repurchase the Company's shares at the Company's Annual General Meeting of Shareholders held on June 27, 2025. According to the repurchase authorization, the Company was authorized to repurchase up to 61.849,900 shares from the Stock Exchange of Hong Kong Limited, accounting for 10% of the total number of shares issued on the date of the annual shareholders' meeting (excluding treasury shares).

The Company believes that the current transaction price of the shares does not reflect their intrinsic value or the actual business prospects of the Company. Therefore, the Board of Directors of the Company has decided to use repurchase authorizations to repurchase shares on the open market from time to time at a total price of not less than RMB 300 million. The Company believes that the proposed share repurchase will show that the Company is confident in its own business development prospects, and that the Company's existing financial resources will be sufficient to support the implementation of the proposed share repurchase while maintaining a sound financial position. Depending on market conditions, the Company will continue to optimize shareholder returns and make more efficient and beneficial capital allocation arrangements for shareholder value in repurchases, dividends and mergers and acquisitions.