Bairong to buy back up to HK$450m in shares

Bairong Inc. has announced its intention to conduct an on-market share repurchase of Class B shares, valued at up to HK$450 million, over the next 12 months. This decision was made by the company's board of directors pursuant to the share repurchase mandate approved by shareholders at the annual general meeting held on May 30, 2025. The repurchases will be executed in compliance with relevant listing rules and regulations.

The company believes this share repurchase will underscore its confidence in its business prospects and is expected to benefit shareholders by creating value. The board is confident that Bairong Inc.'s current financial resources are sufficient to implement the repurchase while maintaining a strong financial position.

Shareholders and potential investors are advised that the implementation, timing, quantity, and price of any repurchases are subject to market conditions and the absolute discretion of the board. There is no guarantee that the company will make any repurchases, and caution is advised when dealing in Bairong Inc.'s shares.