NEWBORNTOWN (09911) plans to repurchase company shares worth 300 million Hong Kong dollars.

NEWBORNTOWN (09911) announced its intention to repurchase its own shares through on-market transactions on the main board market of The Stock Exchange of Hong Kong Limited within the next two years, with an estimated amount of approximately HK$300 million. When the company conducts the buyback, it must exercise its power to repurchase shares not exceeding 10% of the total number of issued shares of the company, based on the resolution approved by the shareholders at the annual general meeting of the company. This authorization will expire on the earliest of the following: (i) the end of the next annual general meeting of the company; (ii) when the deadline for convening the next annual general meeting of the company as required by applicable laws or regulations or the company's articles of association expires; or (iii) the date when the shareholders revoke or amend the resolution approving the buyback authorization at a general meeting with an ordinary resolution.