EASOU TECH (02550) plans to use no more than HK$20 million to repurchase shares on the open market.

EASOU TECH (02550) announced that it intends to exercise the power granted by the resolution passed at the company's annual general meeting of shareholders held on June 27, 2025, to authorize the Board of Directors to repurchase the company's ordinary shares (repurchase authorization). According to the repurchase authorization, the Directors may repurchase shares up to a maximum of 10% of the total number of shares issued on the day of the shareholders' annual general meeting where the resolution was passed. The Board of Directors has decided, depending on market conditions, that the company intends to utilize up to HK$20 million under the repurchase authorization and (if applicable) any general authorization presented for the repurchase of shares at the company's forthcoming annual general meeting of shareholders to be held on June 30, 2026, to repurchase shares on the open market from the date of this announcement for a period of six months. The company will fund the share repurchase from its existing available cash reserves and intends to hold any shares repurchased under the repurchase plan as treasury shares, which may subsequently be canceled, sold, or transferred, including for the funding of the 2025 Employee Stock Award Plan II.