Zhi Spectrum (02513) Proposes to repurchase H shares up to HK$4 billion

Zhitong Finance App News, Zhitong Finance App (02513) issued an announcement. After receiving the share repurchase proposal from Chairman Dr. Liu Debing, the company plans to buy back the company's H shares on the open market from time to time in accordance with the general authorization granted by the company's shareholders to repurchase H shares at the annual shareholders' meeting held on June 22, 2026. The repurchase authorization will remain in effect until the following earlier occurrence: the end of the 2026 annual shareholders' meeting of the company; or the date the shareholders pass a special resolution at the shareholders' meeting to withdraw or amend the repurchase authorization. The maximum anticipated total amount of the share repurchase plan is HK$4 billion, and the total number of H shares to be repurchased under the share repurchase plan shall not exceed 1% of the total number of shares issued by the Company on the date of this announcement.

The company believes that the share repurchase plan will show its confidence in the Group's long-term business outlook and prospects, as well as its commitment to enhance shareholder value. As far as the share repurchase plan is concerned, the Group's financial situation, working capital requirements and business development needs will be taken into account to maintain sufficient financial resources for its continued operation and growth.