Yun Zhisheng (09678) plans to spend no more than HK$100 million to repurchase H shares

Zhitong Finance App News, Yun Zhisheng (09678) issued an announcement. The 11th meeting of the 3rd board of directors of the Company resolved to approve a plan to repurchase H shares with a total value of not more than HK$100 million in the open market within 6 months from the date of this announcement (recommended share repurchase), subject to repurchase authorization.

Depending on the circumstances at the time of the share repurchase, the Company's repurchase of H shares will be used to cancel and reduce the registered capital accordingly, or hold them as treasury shares. The Company plans to use its own funds and self-raised funds that can lawfully be used for this purpose in accordance with the Company's articles of association and applicable Chinese laws, regulations and regulations to make proposed share repurchases.

The board of directors believes that the proposed share repurchase under the current circumstances can show that the company has full confidence in its business outlook and prospects, and will ultimately bring benefits to the company and create value for shareholders. Furthermore, the Board believes that the Company's current financial resources are sufficient to support the proposed share repurchase while maintaining a sound financial position.