Zhipu announced on the Hong Kong Stock Exchange that, after receiving a share repurchase proposal from Chairman Liu Debing, it intends to repurchase H shares from time to time in the open market pursuant to the general mandate granted by shareholders at the annual general meeting held on June 22. The planned aggregate amount is capped at HK$4 billion, and the total number of shares repurchased shall not exceed 1% of the total issued shares as of the date of the announcement. The company will take into account its financial position, working capital requirements and business development needs to ensure that it maintains sufficient financial resources to support its continued operations and growth.
