TRADEGO (08017) plans to repurchase no more than 30 million shares.

TRADEGO (08017) announced that on February 20, 2025, the board of directors has decided to utilize the repurchase authorization to buy back no more than 30 million shares in the open market, representing 5% of the total issued shares as of the date of the shareholder's annual general meeting (excluding treasury shares), with a maximum repurchase price of HK$0.64 per share. The proposed share repurchase will be funded by internal resources of the company. The board believes that the share repurchase at the current situation can demonstrate the company's confidence in its business outlook and prospects, ultimately benefiting the company and creating value for shareholders. Additionally, the board believes that the company's existing financial resources are sufficient to support the proposed share repurchase while maintaining a sound financial position.