MAOYAN ENT (01896.HK): Proposes Buy-back of Shares on Market for Up to About HKD 250 Million

NewTimeSpace News: On 5 October 2026, the board of directors of Maoyan Entertainment (stock code: 01896) announced that it has approved a plan to exercise the share buy-back mandate granted by shareholders at the annual general meeting held on 23 June 2026. Under the mandate, the Company may repurchase up to 116,219,513 shares, representing 10% of the total number of issued shares (excluding treasury shares, if any) as at the date of the AGM.

The Company intends to repurchase shares on the open market from the date of this announcement until the date of its next annual general meeting to be held in 2027, deploying no more than approximately HKD 250 million, to be funded by existing available cash reserves and free cash flow. As at the date of this announcement, the Company has not repurchased any shares, and the timing, number or price of any repurchases is at the Board's absolute discretion and is not assured. 

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