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Jiumaojiu (9922.HK) announces share repurchase plan

June 11, 2025 at 11:18 PM UTCBy FilingReader AI

Hong Kong-listed Jiumaojiu International Holdings (HKEX:9922) announced its Board of Directors' resolution to execute a share repurchase program, leveraging a general mandate approved by shareholders on June 6, 2025. The company intends to repurchase shares on the open market, with the aggregate repurchase amount not exceeding HKD200 million, subject to market conditions. The repurchased shares will be financed from existing cash reserves and may be canceled or held in treasury. The share repurchase program is capped at 10% of the total number of issued shares as of June 6, 2025, and will comply with all relevant regulations, including the Listing Rules of the Hong Kong Stock Exchange. The company clarified that the repurchase will not trigger mandatory offer obligations for controlling shareholders or reduce the public float below the minimum regulatory threshold.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

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