CR BEVERAGE (02460) plans to repurchase shares worth up to HK$530 million.

CR BEVERAGE (02460) announced that the board of directors has decided to exercise the share repurchase authorization approved by the company's shareholders at the annual general meeting held on June 1, 2026, and any subsequent share repurchase authorizations approved by the shareholders (if applicable), to purchase company shares. The plan covers the purchase of company shares with a total value not exceeding HK$530 million equivalent on the open market. The plan will be in effect from the date of this announcement until the conclusion of the next annual general meeting of shareholders. The board of directors believes that the company's current financial resources are sufficient to support the implementation of this plan while maintaining a solid financial position to support the growth of the group's business. The board also believes that the current market price of the shares does not reflect their intrinsic value and actual business prospects, presenting a good opportunity for the company to repurchase shares. The plan also reflects the board's confidence in the company's outlook and its commitment to enhancing shareholder returns.