Speed Entech (02498) announced that the board of directors of the company has passed a resolution to buy back common stock in the open market of the Stock Exchange of Hong Kong Limited on the basis of the general authorization granted to the company's directors and approved by the shareholders of the company at the annual general meeting held on June 27, 2024...

The announcement stated that the repurchase of shares will demonstrate the company's confidence in its own business prospects and ultimately benefit the company and create value for its shareholders. The board of directors believes that the company's current financial resources will enable it to carry out the repurchase of shares while maintaining a sound financial position.