DAJIN (01081.HK): chairman Jin Xin proposes H share buyback of up to 10% of issued H shares

NewTimeSpace News: DAJIN (01081.HK) (A share code: 002487.SZ) released a voluntary announcement that it has recently received a letter titled the proposal for the repurchase of H shares, submitted by Mr. Jin Xin, the de facto controller and chairman of the Board, in accordance with applicable PRC laws and regulations, with the proposal dated 26 October 2026.

According to the announcement, based on his firm confidence in the Company's future prospects and high recognition of its value, and with a view to safeguarding investor interests, promoting long-term rational value investing and enhancing investor confidence, Mr. Jin Xin made the proposal after considering the Company's business prospects, operating performance, financial position, future profitability and the recent trading performance of the H shares in the secondary market. The number of H shares to be repurchased will not exceed 10% of the total issued H shares as of the date on which the H share repurchase mandate is approved, and the repurchased shares will be cancelled and/or held as treasury shares.

The repurchase will be funded by the Company's own funds or funds raised by the Company. Under the Hong Kong Listing Rules, the repurchase price shall not be 5% or more higher than the average closing price of the H shares for the five trading days immediately preceding the date of repurchase, with the actual price subject to market conditions. The repurchase period runs from the date on which the shareholders' meeting approves the repurchase plan and the H share repurchase mandate until the expiry of the mandate. The Company noted that the proposed repurchase can only be implemented after completion of the relevant approval procedures and remains subject to uncertainty.