ES SERVICES (01995) has updated its buyback progress: approximately HKD 27 million has been spent to cancel nearly 15 million repurchased shares.

On August 19, ES SERVICES (01995) issued a voluntary announcement stating that it will cancel 14.94 million shares repurchased from the Hong Kong Stock Exchange between March 31, 2026, and July 28, 2026, at a total cost of approximately HKD 27 million. This marks the second batch of cancelled repurchased shares this yearon February 25, 2026, ES SERVICES announced the cancellation of 5.962 million shares repurchased from December 15, 2025, to January 28, 2026, involving more than HKD 10 million. The total number of shares involved in the two batches exceeds 20 million, with a combined cost of nearly HKD 40 million. After the cancellation is completed, the company's total issued capital will be correspondingly reduced, potentially enhancing the net asset value and profitability per share. Looking back to November 2025, ES SERVICES announced that, given the managements confidence in the companys long-term value and development prospects, and believing that the market price at that time did not reasonably reflect its intrinsic value, it intended to initiate share buybacks at an opportune time based on market conditions. From December 15, 2025, to July 28, 2026 (excluding the silent period), the company has been steadily purchasing about 200,000 shares almost daily, continuing to execute its buyback plan. In fact, there is a precedent for ES SERVICES' share buybacks. Between 2023 and 2024, the company has cumulatively repurchased and cancelled over 18 million shares, significantly enhancing the equity per remaining share through capital reduction. This latest move not only continues the company's long-standing philosophy of "returning value to shareholders through tangible actions" but also sends a clear signal to the market: the current share price remains undervalued, and the company has strong confidence in its operational quality and future prospects. Beyond the buyback cancellations, ES SERVICES has consistently maintained a high transparency and high stability dividend strategy since its listing. According to public data, its dividend payout ratio has steadily increased from approximately 30% in the early stages to 70% in 2025, forming a return framework driven by both "buyback reduction + cash dividends," effectively demonstrating the management's commitment to sharing the fruits of business growth with shareholders. Market analysts point out that the overall valuation of the Hong Kong property sector is currently at a historically low range, with leading property companies leveraging buybacks to maintain market value and stabilize investor sentiment. Through systematic and coherent buyback operations, coupled with continuously increasing dividend payments, ES SERVICES has further solidified its brand image focused on long-term value and shareholder interests, conveying a positive stance that the management team has full confidence in future development.