JXR(01951) intends to buy back shares for a total price of no less than HK$100 million.

JXR(01951) announced that, according to the buyback authorization, the company has been approved to repurchase up to 274 million shares on the Stock Exchange of Hong Kong Limited (SEHK), representing 10% of the total number of shares issued as of the date of the shareholders' annual meeting (excluding treasury shares). The company believes that the current trading price of the shares does not reflect their intrinsic value or the actual business prospects of the company. Therefore, the Board of Directors has decided to utilize the buyback authorization to repurchase shares in the open market at a total price of not less than HK$100 million (proposed share buyback) from time to time. The company believes that the proposed share buyback will demonstrate confidence in the company's future business prospects, and that its existing financial resources will be sufficient to support the implementation of the proposed share buyback while maintaining a strong financial position.