Summary by Futu AI
China Water Group Limited conducted a share buyback activity on October 8, 2024. The disclosure was made in accordance with the requirements of Rule 13.25A of the Main Board Listing Rules of The Stock Exchange of Hong Kong Limited and Rule 17.27A of the GEM Listing Rules. On that day, the company repurchased 120,000 ordinary shares at a price ranging from HKD 5.11 to HKD 5.17 per share, totaling HKD 616,200. After the buyback, the company's issued shares decreased to 1,632,202,346 shares, while treasury shares increased to 120,000 shares. The repurchased shares will be held as treasury shares and not immediately cancelled. The company confirmed that the buyback activity was formally authorized by the board of directors and complied with all applicable listing rules, laws, and other regulatory requirements. The authorization for the buyback activity was obtained on September 9, 2024, and within 30 days after the repurchase, by November 7, 2024, the company will not engage in any new share issuance or further sale or transfer of treasury shares.