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Woofun AI reports that HashKey Holdings Limited has unveiled a voluntary share repurchase program authorized for up to HK$100 million in internal capital, explicitly excluding proceeds from its global offering. The execution of this mandate is contingent upon approval at the annual general meeting and will remain active until the subsequent annual general meeting, adhering strictly to the Listing Rules of The Stock Exchange of Hong Kong Limited, the Takeovers Code, and the Companies Law of the Cayman Islands.
Concurrently, the Board of Directors emphasized that this strategic move underscores robust financial health and confidence in future business prospects. Dr. Xiao Feng, Chairman, Executive Director, and CEO, asserted that current market valuations fail to capture the group's strategic positioning within Web3 digital financial infrastructure, framing the buyback as a commitment to long-term value creation and enhanced shareholder returns.