EACON (07687.HK): Plans Buy-back of Up to RMB200m, Capped at 14.79m H Shares

NewTimeSpace News: On 11 November 2026, EACON Group Co., Ltd (stock code: 7687) published a voluntary announcement that the board resolved to exercise the buy-back mandate to repurchase H shares on-market from time to time for a total price of not more than RMB200 million.

The mandate was granted by shareholders at the 2025 annual general meeting held on 29 June 2026, authorising the directors to buy back up to 14,786,976 H shares, representing 10% of the total H shares in issue immediately after completion of the global offering as at 8 July 2026.

The buy-back period runs from 11 November 2026, when the board approved it, until the earliest of the date of the Company's next annual general meeting and the date on which shareholders resolve to revoke or amend the mandate. The Company will use its own funds, excluding net proceeds from the global offering, and will hold the repurchased H shares as treasury shares for purposes permitted by applicable laws, including future share incentive schemes; treasury shares not transferred or sold within three years after completion will be cancelled.

The board believes the buy-back is in the overall interest of the Company and shareholders and that the Company's financial position is stable enough to maintain sufficient resources for its continued growth. Exercise of the mandate will depend on market conditions and the board's discretion, and no assurance can be given as to the timing, number or price of any repurchase.