Summary by Futu AI
newborntown Technology Limited (the "Company") purchased a total of 42,148,000 shares through Three D Partners Limited from the market between April 28, 2023 and October 18, 2024. In addition, between October 21 and October 25, 2024, Three D Partners Limited purchased an additional 3,100,000 shares at an average price of approximately 3.22 Hong Kong dollars per share, with a total price of approximately 9,981,627.00 Hong Kong dollars. The Company stated that this demonstrates confidence in the business prospects and will create value for shareholders. The board of directors believes that the company's existing financial resources are sufficient to support this share purchase while maintaining a solid financial position. Three D Partners Limited will hold the purchased shares until they are vested under the restricted stock unit incentive plan. The board of directors will periodically review and decide whether to make further share purchases.