Nexteer Board Approves First Share Buyback of Up to US$ 60 Million

• Nexteer Automotive's board moved to expand shareholder returns through the company's first share repurchase program.
• The program allows up to USD 60 million, approximately HKD 471 million, in on-market repurchases of ordinary shares in Hong Kong.
• Repurchases will run from board approval until the next annual general meeting, unless amended or terminated earlier.
• The board retains discretion over repurchase timing, volume and price, subject to market conditions and capital requirements.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Nexteer Automotive Group Ltd. published the original content used to generate this news brief via ACCESS Newswire (Ref. ID: 202611111940ACCESSWRNAPR_____1250172) on November 12, 2026, and is solely responsible for the information contained therein.