JD Industrial (07618.HK) is interested in conducting a repurchase of shares on the market, with a maximum repurchase value of 200 million US dollars.

Zhixin Finance APP News, JD Industrial (07618.HK) announced that the board of directors has authorized and approved a plan to repurchase up to $200 million worth of the company's shares in the open market for a period of 24 months from the approval date. In conducting the repurchase, the board of directors will exercise its power to repurchase shares not exceeding 10% of the total number of shares issued at the annual general meeting of shareholders of the company, as authorized or to be authorized by resolutions passed at the company's annual general meeting of shareholders. This authorization will expire on the earliest of the following: (a) the end of the next annual general meeting of shareholders of the company; (b) the expiration of the period specified in the company's articles of association or regulations or any applicable laws requiring the holding of the next annual general meeting of shareholders of the company; and (c) the date on which shareholders pass an ordinary resolution to revoke or modify the authorization contained in the ordinary resolution approving the share repurchase authorization.