FENBI (02469) plans to repurchase shares in the public market for up to HK$200 million.

FENBI (02469) announces that, in accordance with the general authorization granted by the shareholders of the company at the annual general meeting held on 27th June 2025, the board of directors intends to buy back company shares in the open market for a maximum amount of 200 million Hong Kong dollars within a period of six months from the date of this announcement, subject to market conditions and the company's financial arrangements. The total number of shares to be repurchased will not exceed 223 million shares (equivalent to 10% of the total number of shares issued by the company as of the date of the annual general meeting of shareholders, excluding treasury shares if any). The company's current cash flow is stable, and its overall financial situation is stable, meeting the needs of the company's continuous business development. The board of directors believes that the value of the shares traded in the market is undervalued. The board also believes that the share buyback can demonstrate the company's confidence in its business outlook and prospects, enhance returns to shareholders, benefit the company, create value for shareholders, and align with the overall interests of the company and shareholders.