Huiliang Technology (01860) plans to repurchase shares

Zhitong Finance App News, Huiliang Technology (01860) announced that a new share repurchase plan was approved on July 17, 2026. According to this, the company will further use up to HK$300 million to repurchase shares in the open market from time to time in accordance with the general authorization granted by shareholders to directors at the company's annual general meeting of shareholders to be held on June 12, 2026.

The share repurchase authorization grants directors to repurchase no more than 10% of the total number of shares issued on the day of the 2026 Annual General Meeting of Shareholders (that is, no more than 162,161,418 shares). The relevant authorization will expire at the earliest when the following items occur: (a) at the end of the next annual general meeting of shareholders of the company; (b) at the end of the term of the next annual general meeting of shareholders required by any applicable law or the company's articles of association; and (c) when the shareholders pass an ordinary resolution at the shareholders' meeting to withdraw or amend the authorization made under the ordinary resolution approving the share repurchase authorization.