XUNCE Technology (03317) Shareholders' Meeting approved multiple proposals such as share repurchase and share incentives.

On the evening of June 26th, XUNCE Technology (03317) announced that the company held its 2025 annual general meeting of shareholders on that day, deliberated and passed all 12 ordinary and special resolutions, with the "Granting of General Repurchase Authorization to the Board of Directors" attracting market attention. According to the authorization, the Board of Directors is allowed to repurchase shares at an appropriate time up to 10% of the total number of H-shares issued by the company on the day of the resolution. Based on the total number of H-shares issued by the company up to the last feasible date of 267,175,506 shares, the authorization allows for the repurchase of approximately 26.718 million H-shares at most. The authorization period starts from the date of approval at the annual general meeting of shareholders, until the end of the next annual general meeting or 12 months from the date of approval of the annual general meeting (whichever is earlier). The funds required for repurchase will come entirely from the company's internal resources (including retained earnings and reserves), without the need for additional financing arrangements. The Board of Directors stated that the repurchase authorization is in the interests of the company and all shareholders, and helps to enhance net asset value per share and/or earnings per share. They will strictly comply with the relevant provisions of the Company Law, Securities Law, and the listing rules of the Hong Kong Stock Exchange, and will only implement repurchases when it is deemed beneficial to the company and shareholders. In addition to the repurchase and issuance authorization, the meeting also reviewed and approved the 2025 financial report, board report, and annual report, approved the reappointment of auditors for the 2026 financial year, and passed governance optimization measures such as abolishing the supervisory board, amending the company's articles of association, and the Caina Technology incentive plan, to further enhance the modern corporate governance structure. XUNCE Technology has not conducted any share repurchases since its listing. The approval of this repurchase authorization marks an important step for the company in safeguarding shareholder value, and also reflects the management's strong confidence in the long-term prospects of the company.