AXERA (00600): The trustee purchased a total of 2,519,200 shares under the share award scheme.

AXERA (00600) announced that it has authorized the Company to instruct an independent professional trustee (the "Trustee") appointed for the management of the H Share Award Scheme (the "Award Scheme") to purchase H Shares of the Company on the market at the prevailing market price in accordance with the rules of the Award Scheme and the trust deed. The relevant H Shares will be held by the Trustee in trust for the benefit of the grantees and used for the grant of award shares under the Award Scheme. The Board believes that the current market price of the H Shares is undervalued and does not fully reflect the long-term value and growth potential of the Group as a leading AI System-on-Chip (SoC) provider in the industry. This is a good opportunity to purchase H Shares for future grants of award shares under the Award Scheme. The Company is full of confidence in the long-term development prospects of the Group. The Board believes that the on-market purchases of H Shares will further support the grant of award shares under the Award Scheme, align the interests of the grantees with the overall interests of the Company and the shareholders, and incentivize them to contribute to the sustainable long-term development of the Group, thereby providing sustained and strong momentum for the Group to maintain its leading position in the AI inference SoC sector. As of the date of this announcement, the Trustee had purchased a total of 2,519,200 H Shares on the market.