Summary by Futu AI
On November 22, 2024, china youzan conducted a repurchase of 5 million shares on the Hong Kong Stock Exchange at a repurchase price of HKD 0.096 per share, totaling HKD 480,000. The repurchased shares will be held as treasury stock without cancellation. The repurchased shares account for 0.016% of the shares issued before the repurchase.
According to the repurchase authorization, china youzan is authorized to repurchase a total of 3,297,830,875 shares, with 104,748,000 shares repurchased, accounting for 0.3176% of the total authorization. The repurchase authorization was approved on June 28, 2024. As per regulations, no new shares may be issued or treasury shares sold within 30 days after the repurchase, with the suspension period ending on December 22, 2024.
This repurchase complies with the relevant regulations of the Hong Kong Stock Exchange and a relevant explanatory letter was submitted to the exchange on June 4, 2024, confirming no significant changes.