SDHG (00412) plans to repurchase shares up to $100 million.

SDHG(00412) announced that the board of directors noted the recent abnormal changes in the trading price and volume of the company's shares. After conducting all relevant inquiries into the matter, the board confirmed that they were not aware of any reasons that could have led to such abnormal fluctuations in the share price and volume; or any information that needed to be disclosed to prevent the shares from trading in a false market; or any insider information that needed to be disclosed in accordance with the Listing Rules 13.09(2) and Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong) part XIV A. The board also confirmed that the group's business operations remain normal, and there have been no significant changes in the group's business operations and financial condition. At the annual general meeting of shareholders held on June 6, 2025, the board of directors obtained authorization from the shareholders to repurchase up to 10% of the total issued shares on the day of the resolution. The board hereby announces that they have formally authorized management to execute a share repurchase plan in the open market from time to time. The company plans to repurchase shares at a price not exceeding HK $17 per share, with a total amount not exceeding $100 million. The company will use its existing cash flow or operational funds for this purpose, in accordance with the company's articles of association, the Listing Rules of The Stock Exchange of Hong Kong Limited and applicable laws in Hong Kong and Bermuda. The company believes that the share repurchase reflects confidence in its business development and prospects, and the share repurchase plan is in line with the company's long-term development strategy. The board believes that the company's strong financial position is sufficient to support the share repurchase while maintaining ample financial resources to support its business development. Implementing the share repurchase plan is in the overall interest of the company and its shareholders.