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Directors%u2019 Report110ADVANCING AHEADPURCHASE, SALE OR REDEMPTION OF LISTED SECURITIESShares RepurchaseThe Directors of the Company have been granted the general mandate (the %u201cRepurchase Mandate%u201d) pursuant to resolutions of the shareholders of the Company (the %u201cShareholders%u201d)passedon7June2023and31May2024,torepurchase shares of the Company (the %u201cShares%u201d) in the open market from time to time. Pursuant to the Repurchase Mandate, the Company is allowed to repurchase up to 10% of the total number of issued Shares as at the date of passing each of the resolutions.During the financial year ended 31 December 2024, the Company had repurchased, under the Repurchase Mandate, a total of 55,126,800 Shares on market ranging from HK$9.02 to HK$11.16 per share, representing approximately 1.30% of theissuedSharesasat31December2024foraconsiderationofapproximatelyHK$562.8million(approximatelyUS$72.0million, excluding transaction cost). At the date of this annual report, the repurchased Shares have been cancelled. Details of Shares repurchased are as follows:Purchase price per ShareMonthNumber of Shares repurchasedHighest HK$Lowest HK$Aggregate consideration HK$ millionJanuary 202437,416,60011.169.64392.4February 202417,710,20010.389.02170.455,126,800562.8Details of cancellation of the repurchased Shares are as follows:MonthNumber of shares cancelled8 February 202437,416,6001 March 202417,710,200Total55,126,800The share repurchase reflects the Company%u2019s confidence in its financial position, business fundamentals and prospects, and would, ultimately, benefit the Company and create value to the Shareholders. The share repurchase was financed by the Company with its existing available cash. The Board believes that the current financial resources of the Company would enable it to implement the share repurchase while maintaining a solid and healthy financial position for the continued growth of the Group%u2019s operations.