AAC TECH signed an agreement with independent brokers on December 16, 2024, to initiate a $0.1 billion automatic share repurchase plan. The plan will start on December 17, 2024, and end on May 16, 2025, including a restricted period before the announcement of the company's annual results in 2024. The company has obtained a waiver from the Stock Exchange to strictly comply with the Listing Rules Section 10.06(2)(e), allowing repurchases to be made during the restricted period.The plan will be executed by independent brokers and will not be influenced by the company or its related parties. The repurchase will primarily be conducted in accordance with the general authorization granted at the shareholder annual general meeting on May 23, 2024, and if an extension is needed, a new general...Show More

AAC TECH signed an agreement with independent brokers on December 16, 2024, to initiate a $0.1 billion automatic share repurchase plan. The plan will start on December 17, 2024, and end on May 16, 2025, including a restricted period before the announcement of the company's annual results in 2024. The company has obtained a waiver from the Stock Exchange to strictly comply with the Listing Rules Section 10.06(2)(e), allowing repurchases to be made during the restricted period.The plan will be executed by independent brokers and will not be influenced by the company or its related parties. The repurchase will primarily be conducted in accordance with the general authorization granted at the shareholder annual general meeting on May 23, 2024, and if an extension is needed, a new general authorization must be obtained at the 2025 shareholder annual general meeting. The company believes that the plan is in the overall best interests of the shareholders and will comply with the relevant regulations, including the Listing Rules and the Takeovers Code.Investors should note that the repurchase is subject to market conditions and will be decided exclusively by the brokers. The company will disclose repurchase details through subsequent disclosure statements. This action aims to optimize share repurchase management and maximize the achievement of the $0.1 billion repurchase target. The company reminds shareholders and potential investors to exercise caution when buying or selling shares.