HK Stock Market Move | CHINA XLX FERT(01866) rises by over 4% again, the company plans to repurchase shares of no more than 200 million Hong Kong dollars.

China XLX FERT (01866) rose by over 4%, up 4.03% to HKD 9.54 at the time of submission, with a turnover of HKD 22.9165 million. On the news front, China XLX FERT announced that its Board of Directors has approved a new plan to repurchase the company's shares from the open market through a "market repurchase" method from January 13, 2026 to December 31, 2026, for an amount not exceeding 10% of the total issued shares (excluding any treasury shares), i.e. with a value not exceeding HKD 200 million. The Board believes that this share repurchase plan reflects the company's recognition of its own value and confidence in its long-term development. The company's financial condition is stable, cash flow is sufficient, and the implementation of the share repurchase plan will not affect normal operations. The shares repurchased under the plan will be used as treasury shares to optimize the capital structure, provide flexibility for future employee incentives, potential mergers and acquisitions, demonstrating management's confidence in the company's prospects, and expected to enhance shareholder returns by improving capital efficiency, aligning with the overall interests of the company and shareholders.