CGN New Energy announced a voluntary Share Repurchase Plan that authorizes the company to spend up to HK$121.00 million—including taxes and transaction fees—to repurchase no more than 42.90 million shares, equivalent to approximately 1% of its issued share capital.

The buyback will be executed on the open market over the 12 months following 26 August 2026, drawing exclusively on existing cash resources. In line with Hong Kong Listing Rules, the purchase price for each share may not exceed 5% above the average closing price for the five trading days preceding each transaction.

Management stated that the current share price does not reflect the company’s intrinsic value or business prospects. The board views the repurchase as a means to enhance shareholder value while maintaining a solid financial position.

All transactions will comply with the company’s bye-laws, the Hong Kong Listing Rules, the Codes on Takeovers and Mergers and Share Buy-backs, and relevant Hong Kong and Bermuda regulations. The board emphasized that execution details—timing, quantity, and pricing—remain subject to market conditions and its discretion, and it intends to avoid any reduction of the public float below regulatory thresholds or triggering a mandatory general offer under the Takeovers Code.

Investors are advised that there is no certainty regarding the scale or timing of actual repurchases and should exercise caution when trading the company’s securities.