LianLian Group (02598.HK) plans to buy back H shares on the open market.

Zhixin Finance APP news, Lianlian Digital (02598.HK) announced that the company may, in accordance with the buyback authorization granted by the company's shareholders at the company's annual general meeting held on Friday, June 6, 2025, repurchase the company's issued ordinary shares listed on the Main Board of The Stock Exchange of Hong Kong Limited in the open market at a price not exceeding HK$10.22 per share from time to time. Under the buyback authorization, the maximum number of H shares that the company is authorized to repurchase is 41,789,776 H shares, representing 10% of the total number of H shares issued on the date of the 2024 annual general meeting of shareholders (excluding treasury shares). The share buyback plan will be funded by the company's internal resources.