TIANYU SEMI (02658.HK): Approves H share repurchase plan of up to 5,899,042 shares
- The repurchased H shares will be held as treasury shares and are intended for employee shareholding or share incentive schemes or other permitted uses.
- The plan runs from the date of the Board's approval until the expiry of the repurchase mandate, and will be extended to the expiry of a new mandate if shareholders approve one at the next general meeting.
- The Board has authorised the chairman or any person authorised by him to implement and adjust the plan within the scope of the repurchase mandate, including determining the timing, price and number of repurchases.
NewTimeSpace News: On 14 September 2026, Guangdong Tianyu Semiconductor Co., Ltd. (stock code: 02658) announced that its Board has approved an H share repurchase plan to repurchase H shares on the market of The Stock Exchange of Hong Kong Limited under the general mandate granted by shareholders at the 2025 annual general meeting held on 19 May 2026. The number of H shares repurchased will not exceed 10% of the issued H shares (excluding treasury H shares, if any) as at the date the repurchase mandate was granted, being 5,899,042 H shares, and the repurchase price will not be 5% or more higher than the average closing price of the H shares on the Stock Exchange over the five trading days preceding each repurchase.
The plan will run from the date of the Board's approval until the expiry of the repurchase mandate, and the implementation period will be extended to the expiry of a new mandate if shareholders approve one at the next general meeting. The repurchased H shares will be held as treasury shares and are intended for employee shareholding or share incentive schemes or other permitted uses. The Board has authorised the chairman or any person authorised by him to implement and adjust the plan within the scope of the repurchase mandate, including determining the timing, price and number of repurchases, opening the relevant securities accounts, executing documents and making the required disclosures.
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