Swallow House (01497.HK) proposes to repurchase up to 46.55 million H shares.

According to the latest update from the China Times Finance APP, Yan's House (01497.HK) announced that the board of directors will, depending on market conditions and the company's financial arrangements, intend to repurchase H shares in the open market with an amount not exceeding 100 million Hong Kong dollars from the date of this announcement until the expiration of the general authorization to repurchase H shares. The total number of H shares repurchased will not exceed 46.55 million H shares, which is 10% of the total number of issued H shares as of the date of the annual shareholders' meeting (excluding treasury shares, if any).