TIME INTERCON (01729) intends to repurchase shares for up to HK$500 million.

TIME INTERCON (01729) announced that the Board authorized and approved on November 6, 2026 a plan to repurchase shares of the Company on the open market with an aggregate amount not exceeding HK$500 million during the 24-month period commencing from the date of approval, subject to market conditions and at the discretion of the Board. The Company intends to fund the plan through internal financial resources. The Board believes that the current trading price of the shares does not reflect their intrinsic value. The Board believes that the proposed share repurchase can enhance the value of the shares, thereby improving returns to shareholders. In addition, the Board believes that the proposed share repurchase reflects the Company's confidence in its long-term business prospects and the Company's growth potential, and will ultimately benefit the Company and be in the overall best interests of the Company and its shareholders.