Master Copper (00664) plans to spend no more than HK$118 million to repurchase H shares

According to Zhitong Finance App News, Master Tong (00664) issued an announcement. Based on confidence in the company's future development prospects and recognition of the company's long-term value, in order to protect shareholders' interests and enhance investor confidence, the board of directors or its authorized persons intend to use no more than HK$118 million from the date of this announcement until the date the share repurchase authorization expires to repurchase H shares with its own funds. H shares repurchased under a share repurchase authorization may be cancelled or held as treasury shares.

The board of directors believes that the repurchase of H shares conforms to the overall interests of the Company and shareholders, and demonstrates the confidence and long-term value of the Company and its management team in the future development prospects of the Company's business.