IVD Medical Holding announces share repurchase plan

IVD Medical Holding Limited announced a voluntary share repurchase plan, allocating up to HKD50,000,000 for the repurchase of no more than 30,000,000 company shares. The Board intends to execute the repurchase on the open market over the next year, subject to market conditions and the company's existing repurchase mandate. The decision reflects the Board's confidence in the company's long-term growth prospects, believing that the current share price undervalues the company's intrinsic worth. The repurchase price for each share will not exceed 5% above the average closing market price for the five trading days prior to each repurchase. The company will fund the plan from available cash resources.