XD Inc. (02400.HK): Launches HK$400 Million Automatic Share Buyback Programme, Granted Waiver for Trading During Restricted Period by HKEX

NewTimeSpace · 2026/06/10 21:38 · By Boyuan Chen

NewTimeSpace News: XD Inc. (02400.HK) announced that it entered into a share buyback agreement with an independent broker on June 10, 2026, launching an automatic share buyback programme of up to HK$400 million, which will expire on November 11, 2026. The Hong Kong Stock Exchange has granted a waiver permitting the Company to conduct share buybacks during the restricted period prior to the release of financial results.

NewTimeSpace News: XD Inc. (02400.HK) issued an announcement on June 10, 2026, disclosing the launch of an automatic share buyback programme of up to HK$400 million.
Pursuant to the share buyback agreement, the Company has agreed relevant parameters, under which the broker will repurchase the Company's shares on the Stock Exchange with a maximum value of HK$400 million. The automatic share buyback programme will last until November 11, 2026, being the final maturity date. All repurchased shares will be cancelled. The programme is implemented under the general mandate approved at the annual general meeting of shareholders held on May 28, 2026.
Rule 10.06(2)(e) of the Listing Rules restricts an issuer from repurchasing shares during the restricted period ahead of the publication of periodic financial results. The Stock Exchange has granted a waiver to allow the Company to proceed with buybacks via the broker during the restricted period. This move aims to optimize programme management and maximize the chance of completing the buyback at the target amount.
All buyback decisions will be made by the broker in accordance with the specified parameters under the agreement, acting independently and free from the Company's influence. A proper segregation of duties will be maintained to ensure no inside information is provided to the broker's personnel conducting the buybacks. Share repurchases under the programme will commence on June 12, 2026.
The Board believes that the implementation of the automatic share buyback programme is in the overall best interests of the Company and its shareholders.

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XD INC 02400.HK Share Repurchase