Meet Xiaomen (02408): Authorize the board of directors to buy back the company's H shares

Zhitong Finance App News, Meet Xiaomian (02408) issued an announcement. The board of directors of the Company hereby announces that it has decided to seek an authorization (H share repurchase authorization) from the Company's shareholders to authorize the board of directors to buy back the Company's H shares in order to convey confidence in the Group's long-term business prospects, enhance the company's value, and protect shareholders' rights and interests.

According to the H share repurchase authorization, the total number of H shares purchased by the Company with its own funds during the relevant period (as defined below) shall not exceed 10% of the total number of H shares issued (excluding treasury shares) on the day the resolution granting the H share repurchase authorization was reviewed and approved at the relevant shareholders' meeting. The Company may cancel any H shares purchased and/or hold them as treasury shares according to market conditions and capital management requirements at the time of the repurchase. For the purpose of the H share repurchase authorization, the “relevant period” refers to the period from the date the resolution granting the H share repurchase authorization is passed at the shareholders' meeting until the earliest of the following dates: (i) the end of the Company's recent annual shareholders' meeting to be held in 2026; or (ii) the date the H share repurchase authorization is withdrawn or changed by a special resolution at any shareholders' meeting of the Company.