Summary by Futu AI
Vobile Group Limited ("the Company") announced that, in accordance with the share repurchase authorization passed at the annual general meeting of shareholders on June 28, 2024, it plans to repurchase company shares not exceeding HKD 0.2 billion on the open market. This demonstrates the company's confidence in its business prospects, aiming to enhance shareholder value and support long-term growth. The board of directors stated that the company has sufficient financial resources for the share repurchase while maintaining a solid financial position. The specific timing, quantity, or price of the share repurchase is yet to be determined, and there is no guarantee that any share repurchase will be conducted. Shareholders and potential investors should exercise caution. The announcement was issued by the chairman of the board of directors, Wang Yangbin, on October 2, 2024.