Wanwuyun (02602) plans to repurchase up to 500 million yuan of H shares

Zhitong Finance App News, Wan Wuyun (02602) announced that the board of directors decided to exercise share repurchase authorization to repurchase H shares in the open market in due course. The maximum capital to be used is RMB 500 million. The actual repurchase price will be determined by reference (including) factors such as market conditions, fluctuations in the current market price of the company's H shares compared to the issuance price of the company's H shares, and in combination with the “Hong Kong Stock Exchange Limited Securities Listing Rules” and all applicable laws and regulations that the company must abide by.

The board of directors believes that under current market conditions, the repurchase of shares will show that the company has full confidence in its own business development and prospects, and ultimately benefit the company and create value returns for shareholders, which is in line with the overall interests of the company and shareholders.

According to the share repurchase authorization, the company was allowed to repurchase up to 115,649,292 H shares accounting for 10% of the total number of H shares issued on the day the company passed the special resolution at the annual shareholders' meeting (excluding treasury shares and H shares that have been repurchased but not yet cancelled), and maintain sufficient public shareholding. The funds required for this share repurchase will be disbursed from the company's own financial resources.