DALIPAL HLDG (01921): Launching repurchase plan

DALIPAL HLDG(01921) announced that at the annual shareholders' meeting held on May 22, 2026, the shareholders passed a resolution granting the Board of Directors a general mandate to repurchase up to 10% of the total number of shares issued as of the date of the 2026 annual shareholders' meeting (i.e. up to 158 million shares). The Board of Directors believes that the current stock price does not fully reflect the intrinsic value and development potential of the group, hence the decision to initiate a repurchase plan. The repurchase plan aims to convey the Board's confidence in the future prospects of the group, enhance earnings per share and net asset value per share through optimizing the capital structure, and increase long-term returns for shareholders. Additionally, the repurchased shares will be held as treasury shares and may be cancelled, sold, or used to reward outstanding employees in the Middle East. The funds for this share repurchase will come from the group's internal resources, including cash reserves and operating cash flow. The Board of Directors has carefully evaluated the financial condition of the group to ensure that there are sufficient funds and cash flow to support the repurchase activities, and that the repurchase plan will not have a negative impact on the group's daily operations, business development, or capital expenditure arrangements.