Summary by Futu AI
On December 31, 2024, the related party of CNBM, CICC Financial Trading Limited, conducted trades related to a potential comprehensive offer for share repurchase. The company, as an exempt market maker, bought 1.45 million shares of other category securities for a total amount of approximately 5.14 million Hong Kong dollars, at a price of 3.5435 Hong Kong dollars per share; at the same time, it sold 1.45 million shares of common stock for a total amount of approximately 5.15 million Hong Kong dollars, at a price ranging from 3.54 to 3.56 Hong Kong dollars per share.These transactions were carried out to settle, close, or liquidate proprietary trading positions generated by customer demand. CICC confirmed that the relevant operations were completed before the end of the trading morning session on the day after the customer transaction. The disclosure of this transaction was made in accordance with Rule 22 of the Hong Kong Code on Takeovers and Mergers.