Zhitong Finance App News, China Mobile Game (00302) issued an announcement. The company's board of directors decided to use share repurchase authorization and use up to HK$100 million to repurchase shares in the open market from time to time, depending on market conditions, from the date of this announcement until the end of the 2024 Annual General Meeting of Shareholders or the next Annual General Meeting of Shareholders after the 2024 Annual General Meeting of Shareholders (depending on the circumstances). The board of directors may also decide to use further share repurchase authorizations in accordance with market conditions. The company will make a proposed share repurchase in accordance with the Hong Kong Stock Exchange Limited securities listing rules.

The board of directors believes that the current transaction price of the shares does not reflect their intrinsic value and the company's business prospects. The proposed share repurchase reflects the board of directors and management team's confidence in the company's long-term strategy and development.