Leo Group updates on ongoing litigation, share repurchase plans

Leo Group, through its "Announcement on litigation matters," reported ongoing international lawsuits. The company initiated litigation against TBCA fund, TBCA GP, and TBCA management in an overseas court on February 23, 2022, concerning project investment disputes. An initial ruling on June 30, 2025, largely favored Leo Group, though both parties have appealed. Separately, TBCA launched a counter-suit against Leo Group in August 2024, which is also ongoing. The company believes these legal actions will not significantly impact its operations or future profits.

In a related development outlined in the "Announcement on the progress of centralized bidding and reduction of repurchased shares," Leo Group announced its intent to potentially reduce its repurchased shares. The board approved a plan on October 15, 2025, to sell up to 135,435,000 repurchased shares—2% of its total share capital—via centralized bidding within six months starting 15 trading days after the announcement.

As of November 30, 2025, the company had not yet sold any repurchased shares. Leo Group emphasized that the actual timing, quantity, and price of any share reductions remain uncertain, contingent on market conditions and share price performance, and committed to timely disclosure of future developments.