AINNOVATION (02121.HK): Repurchases 1,484,300 shares in September for about HKD 4.92 million
- The share repurchase mandate was granted by shareholders at the annual general meeting held on 15 May 2026, under which the Company may repurchase shares on the open market from time to time for a maximum amount of not more than HKD 100 million.
- The Board considers that share repurchases under the current circumstances demonstrate the Company's confidence in its business outlook and prospects, and that the Company's existing financial resources are sufficient to support the repurchases while maintaining a sound financial position.
NewTimeSpace News: On 2 October 2026, AInnovation Technology Group Co., Ltd. (stock code: 02121) announced that, under the share repurchase mandate, the Company repurchased an aggregate of 1,484,300 shares on the open market in September 2026 for a total consideration of HKD 4,922,835.50.
The announcement referred to the Company's voluntary announcement dated 15 May 2026 regarding, among other things, the Board's intention to repurchase shares on the open market from time to time under the general mandate granted by shareholders at the annual general meeting held on 15 May 2026, for a maximum amount of not more than HKD 100 million. The Company stated that it will further carry out share repurchases in accordance with its articles of association, the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited, the Hong Kong Code on Takeovers and Mergers and Share Buy-backs, the PRC Company Law and all applicable laws and regulations. The Board considers that share repurchases under the current circumstances demonstrate the Company's confidence in its business outlook and prospects and will ultimately benefit the Company and create value for shareholders, and that the Company's existing financial resources are sufficient to support the share repurchases while maintaining a sound financial position.
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