ABBISKO-B(02256) intends to buy back company shares

ABBISKO-B (02256) announced that on March 3, 2025, the board of directors approved the company to utilize up to 200 million Hong Kong dollars to repurchase company shares in the market. The share buyback plan is based on the management team's confidence, the company's current operating growth prospects and financial condition, as well as recent market conditions and macroeconomic performance indicators. The company plans to fund the share buyback plan with its own financial resources rather than proceeds from shares listed on The Stock Exchange of Hong Kong Limited. The board of directors believes that the current trading price of the shares undervalues the company's intrinsic value and growth prospects, and the share buyback plan will enhance shareholder value. The share buyback plan demonstrates the board's confidence in the company's long-term development, and will only be carried out when the board deems it appropriate and in the best interests of the company and shareholders as a whole.