SMOORE INTL (06969) repurchased 2.472 million shares for HK$19.9523 million on October 15.

SMOORE INTL (06969) announced that on October 15, 2026, the Company repurchased a total of 2.472 million shares of the Company from the market under the repurchase mandate, representing approximately 0.04% of the Company's issued share capital as at the date of the annual general meeting, May 22, 2026. The highest purchase price per share was HK$8.12, the lowest purchase price per share was HK$7.93, and the average purchase price per share was approximately HK$8.07. The total consideration for the repurchased shares was HK$19.9523 million (before deducting brokerage commissions and expense charges), which was funded by the Company's existing available cash reserves and free cash flow. The Board believes that the current trading price of the shares does not fully reflect their intrinsic value and the business prospects of the Group. The Board believes that the Company's current financial resources enable it to implement the share repurchase, and that the share repurchase will increase earnings per share and overall shareholder returns. The share repurchase also reflects the Board's and the management team's confidence in the Company's long-term strategy and growth. The Board believes that the share repurchase is in the overall best interests of the Company and its shareholders.