Launch tech to notify creditors on share repurchase mandate

Shenzhen-based Launch Tech Company Limited has issued its third announcement to notify creditors about obtaining a general mandate for the repurchase of H shares, as approved during the annual general meeting held on April 25, 2025. This mandate grants the Board the authority to repurchase H shares, contingent on market conditions, regulatory approvals, and compliance with the company's articles of association. The total number of H shares repurchased must not exceed 10% of the aggregate nominal value of H shares issued at the time the resolution was passed. According to PRC Company Law, the company will cancel the repurchased H shares and reduce its registered capital. Creditors must submit claims within specified timeframes via mail or facsimile, providing necessary documentation, to Launch Tech's designated addresses. The company advises shareholders to exercise caution when trading the shares.