SMOORE INTL (06969.HK) buys back 2.9 million shares at average HK$8.2836 for HK$24.02 million

NewTimeSpace News: On November 9, 2026, Smoore International Holdings Limited (06969.HK) issued a voluntary announcement stating that the board has exercised the powers granted by a shareholder resolution passed at the annual general meeting held on May 22, 2026 to repurchase the company's shares, buying back a total of 2,900,000 shares on the market on November 9, 2026, equivalent to about 0.0468% of the issued share capital as at the date of the annual general meeting.

The highest purchase price per share was HK$8.325 and the lowest was HK$8.170, with an average price of about HK$8.2836. The total consideration for the repurchased shares was HK$24,022,345 (before brokerage commission and expenses), funded by the company's existing available cash reserves and free cash flow. Under the repurchase mandate, the company is permitted to repurchase up to 619,559,572 shares, representing 10% of the total number of issued shares as at the date the relevant resolution was passed at the annual general meeting.

The board considers that the current trading price of the shares does not yet fully reflect their intrinsic value and the group's business prospects, that the company's current financial resources enable it to implement the repurchase, and that the repurchase will enhance earnings per share and overall shareholder returns while reflecting the board's and management's confidence in the company's long-term strategy and growth. The company will continue to monitor its share price and may make further repurchases, which will be reflected in the next day disclosure returns and monthly returns on movements in securities published on the Stock Exchange and company websites.