According to the Securities Times APP, recently, Xuanwu Cloud (02392) released the company's 2024 interim report. During the reporting period, the company achieved revenue of 0.65 billion yuan, a year-on-year increase of 22.2%; at the same time, based on measures such as the company's expense control, the company's net loss in the first half of the year narrowed significantly by 69.5% to 0.006 billion yuan. It is noteworthy that during the reporting period, Xuanwu Cloud repurchased 8.351 million shares through the trust entity according to the restricted stock incentive plan. As of the end of the reporting period, the trust entity of Xuanwu Cloud's restricted stock incentive plan accumulated holds 16.064 million shares, and the awarded shares belonging to employees amount to 1.407 million shares.

In response, the management of Xuanwu Cloud stated at the performance release conference that the company had also announced a buyback plan in the first half of the year. Previously, based on our development process of attracting more talents to join, while providing incentives to outstanding core employees, we chose to repurchase shares through trusts for the implementation of employee incentives, in order to better support the construction of an excellent team and the long-term development of the business. In the future, with the new rules for the Hong Kong Stock Exchange to effectively repurchase shares for treasury stock, the company will always pay attention to changes in policies and markets, and make corresponding strategic adjustments to the buyback methods as appropriate.