QUNABOX GROUP (00917.HK): Proposes Share Buyback of up to HKD 200 Million

NewTimeSpace News: On 25 August 2026, Qunabox Group Limited (stock code: 00917) announced that the Board has resolved to buy back issued shares on the open market from time to time under the share buyback mandate approved by shareholders at the annual general meeting on 22 May 2026, for a maximum total consideration of HKD 200 million. The mandate covers up to 26,489,864 shares, representing 10% of the total issued shares (excluding treasury shares) as of the date of the relevant resolution.

According to the announcement, the Board believes that the current trading price of the shares does not reflect their intrinsic value, and that the buyback would enhance share value and improve shareholder returns, reflecting the Board's confidence in the Group's long-term business prospects. The proposed buyback will be funded from internal resources, and the repurchased shares will be cancelled or held as treasury shares depending on market conditions. As of the date of this announcement, no shares have been repurchased, and no assurance is given as to the timing, quantity or price of any repurchase.

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