BRETON (01333.HK): Chairman to Buy H Shares, Up to HKD50 Million
- Chairman and major shareholder Chen Fangming plans to buy H shares with his own funds for up to about HKD50 million.
- Purchases will be made at prevailing market prices, subject to market conditions; completion is not guaranteed.
NewTimeSpace News: On 5 November 2026, Breton Technology Co., Ltd. (Stock Code: 1333) announced that the board was informed by Mr Chen Fangming, chairman, executive director and substantial shareholder, that he plans to acquire the Company's H shares on the open market with his own funds, for an aggregate consideration of not more than about HKD50 million.
The announcement shows that the plan will be carried out subject to market conditions and applicable laws, with each purchase at the prevailing market price. The Company does not guarantee completion and will not participate in or provide any financial assistance for the plan. Based on available information, the Company will maintain a sufficient public float if the plan is implemented. Mr Chen said the plan reflects his firm confidence in the Group's prospects and long-term value. Shareholders and potential investors should exercise caution when dealing in the shares.
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