TONGGUAN GOLD (00340) will from time to time use a maximum total amount not exceeding HK$300 million to repurchase shares in the open market.

TONGGUAN GOLD (00340) announced that the board of directors resolved on June 16, 2026, that depending on market conditions and pursuant to the share repurchase authorization approved by the shareholders on May 29, 2026, the company will from time to time utilize a maximum total amount of HK$ 300 million to repurchase its own shares in the open market (repurchase plan). According to the repurchase authorization, the company may repurchase up to 10% of the total number of shares issued as of the date of the annual general meeting of shareholders held on May 29, 2026, totaling a maximum of 531,369,222 shares. The repurchase authorization will remain valid until the end of the next annual general meeting of shareholders of the company (at which point the repurchase authorization will lapse), or until revoked or revised by the shareholders at a general meeting. The board of directors has carefully reviewed the company's operational stability, sustainability of profits, and long-term growth prospects, along with its stock market performance and valuation. To preserve the company's intrinsic value and safeguard the interests of all shareholders, the board of directors proposed the repurchase plan to strengthen management's confidence in the company's future and highlight its strong business prospects. The repurchase plan will be funded entirely from the company's internal resources to ensure financial stability without relying on external financing. The repurchased shares will be held as treasury shares for flexibility in cancellation, allocation for employee incentives and benefits programs, reissuance for financing, as consideration for mergers or asset acquisitions, fulfilling obligations under convertible instruments, and other lawful corporate purposes permitted by law and listing rules.