Xindong Company (02400) plans to repurchase up to HK$400 million of company shares

Zhitong Finance App News, Xindong (02400) issued an announcement. The company signed an agreement with an independent broker on January 5, 2026. Based on this, the broker was appointed to operate an automatic share repurchase program in accordance with the terms outlined below. According to the share repurchase agreement, the company has agreed on the parameters for brokers to repurchase up to HK$400 million of the company's shares on the Stock Exchange. The broker will execute all share repurchases in accordance with the parameters agreed upon in the share repurchase agreement, and will act in a manner independent of and unaffected by the company and its related parties.

Unless otherwise amended or terminated in accordance with the terms of the share repurchase agreement, the term of the automatic share repurchase plan will be from the beginning of the automatic share repurchase program until June 4, 2026 (final expiration date). Before the final maturity date, if the amount used to repurchase shares reaches a value of HK$400 million, the broker has the right to specify an earlier maturity date to formally complete the automatic share repurchase plan. In any case, the automatic share repurchase plan is expected to be valid for the entire limited period required by section 10.06 (2) (e) of the Listing Rules relating to publication of the Company's annual results for the financial year ended 31 December 2025 until the final maturity date.