Vobile Group (03738.HK) announced on October 2 that the board of directors has passed a resolution to repurchase company stocks in the public market, not exceeding 0.2 billion Hong Kong dollars, based on the general share repurchase authorization approved by the shareholders at the annual general meeting on June 28, 2024, and any subsequent general share repurchase authorization periodically renewed or updated by the shareholders (if applicable).

The company believes that the share repurchase plan reflects its confidence in its business outlook and prospects. The company aims to increase shareholder value and support long-term growth through stock buybacks. The board of directors believes that the company's existing financial resources are sufficient to support the share repurchase while maintaining a sound financial position.