WL DELICIOUS (09985) intends to repurchase up to HK$200 million worth of shares.

WL DELICIOUS (09985) announced that at the annual general meeting of shareholders held on June 11, 2026, it was resolved to grant general authorization to the directors to repurchase shares. The authorization allows the directors to repurchase up to 10% of the total number of shares issued by the company as of June 11, 2026 (excluding treasury shares, if any), which is 243,114,557 shares. The board plans to exercise the share repurchase authorization and intends to use up to HK$200 million to repurchase company shares on the open market with available funds. The share repurchase plan will be valid for a period of six months from the date of this announcement. The repurchase price will not exceed 5% above the average closing price of the shares for the five trading days before the actual repurchase date. The share repurchase will be subject to market conditions, the actual needs of the company, and capital management arrangements, and will be carried out at the discretion of the board and/or their authorized persons as they deem appropriate. The board believes that implementing the share repurchase plan at this time will not have a significant adverse impact on the group's working capital or capital structure. The board believes that the share repurchase plan reflects the company's confidence in its business development prospects and long-term value, and will also help enhance capital management efficiency and create long-term value for shareholders, in line with the overall best interests of the company and its shareholders.