Greentown Management begins share repurchase program, cites strong performance

Greentown Management Holdings Company Limited has announced a voluntary on-market share repurchase scheme under its general mandate approved at the annual general meeting on June 18, 2025. The company is authorized to repurchase up to 10% of its total issued shares, amounting to 201,000,000 shares. As of the announcement date, the company had already repurchased 852,000 shares on the open market for a total consideration of HK$2,450,010.

The board believes the current trading prices of the shares do not fully reflect the company's intrinsic value and business prospects. This move aligns with Greentown Management's strong growth in newly contracted project management projects, sound development momentum, and a leading industry position. The company also reported abundant cash on hand and steady improvement in operating cash flow, ensuring sufficient reserves for the repurchase.

According to the monthly return for August 2025, 552,000 shares were repurchased for cancellation but not yet cancelled. The company's total authorized/registered share capital remains HK$1,000,000,000, with an issued share capital of 2,010,000,000 shares (excluding treasury shares) as of month-end.