Bairong Inc. the Company, we , us or our HKEX: 6608, a leading cloud-based AI turnkey service provider, announced a new HK450 million share repurchase program.
The Board of Directors of the Company wishes to announce that the Board resolved to repurchase Class B shares of the Company in the open market from time to time within the next 12 months up to HK450 million in value, pursuant to the share repurchase mandate approved by the shareholders of the at the annual general meeting held on May 30, 2025.
The Company believes that the share repurchase will demonstrate the Companys confidence in its own business outlook and prospects and would, ultimately, benefit the Company and create value to its Shareholders. The Board believes that the current financial resources of the Company would enable it to implement the share repurchase while maintaining a solid financial position
