AXERA (00600) plans to invest no more than 70 million yuan to repurchase H shares for a share incentive plan.

AXERA (00600) announced that the company intends to utilize no more than RMB 70 million of internal funds within twelve months from the date of this announcement to purchase H shares of the company through a professional trustee appointed under the company's H Share Incentive Plan, in accordance with the H Share Incentive Plan and applicable laws and regulations, via on-market transactions and/or other permitted methods. The specific timing, frequency, price, quantity, and batches will be determined by authorized individuals from the company's management or board of directors. The shares awarded under the H Share Incentive Plan, funded by the existing shares purchased by the professional trustee, must comply with Rule 17.12 of the Securities Listing Rules of The Stock Exchange of Hong Kong Limited. The board believes that conducting share buybacks under the current circumstances will demonstrate the company's confidence in its business outlook and prospects, ultimately benefiting the company and its shareholders. The group's current financial resources allow it to implement share buybacks using internal resources while maintaining a robust financial position to support the continued growth of the groups business.