Huiju Technology (01729) plans to repurchase shares not exceeding HK$500 million

Zhitong Finance App News, Huiju Technology (01729) announced that on November 6, 2026, the board of directors authorized and approved a plan to buy back the company's shares in the open market for a total amount of not more than HK$500 million within a period of 24 months from the date of approval, subject to market conditions and at the discretion of the board of directors. The company intends to fund the plan through internal financial resources.

The Board believes that the current transaction price of the shares does not reflect their intrinsic value. The Board believes that the proposed share buyback will increase the value of shares, thereby increasing shareholder returns. Furthermore, the Board of Directors believes that the proposed share repurchase reflects the company's confidence in its long-term business prospects and the company's growth potential, and will ultimately benefit the company and conform to the overall best interests of the company and shareholders.