Lingbao Gold Group Announces Intention to Conduct On-Market Share Repurchase

Key Highlights

• Company: Lingbao Gold Group Company Ltd.
• Stock Code: 3330 (Hong Kong Stock Exchange)
• Announcement Date: 29 April 2026
• Action: Intention to repurchase H Shares on the open market
• Maximum Repurchase Size: Up to 6,910,937 H Shares (approximately 0.50% of the total issued share capital and 0.58% of issued H Shares)
• Funding: Repurchase to be financed by the Company’s self-owned funds
• Repurchase Mandate: Subject to renewal at the annual shareholders’ meeting on 19 May 2026
• Repurchase Period: From 29 April 2026 up to the conclusion of the 2027 annual shareholders’ meeting

Detailed Overview

Lingbao Gold Group Company Ltd. has announced its intention to conduct an on-market repurchase of its H Shares, in line with the authority granted by shareholders at the extraordinary general meeting held on 17 September 2025. The company is empowered to repurchase up to 10% of the H Shares in issue as of that date, amounting to 110,557,899 shares. However, the immediate plan is to repurchase up to 6,910,937 H Shares, which represents about 0.50% of the company’s total issued share capital and 0.58% of its issued H Shares.

Important Information for Shareholders

• Potential Share Price Impact: The company’s repurchase scheme may be seen as a sign of confidence in the company’s value and prospects, potentially supporting the share price. The Board explicitly stated that the repurchase reflects its recognition of the company’s value and confidence in long-term business development.
• Purpose of Repurchased Shares: The company expects that repurchased H Shares may be used for employee incentive schemes, subject to applicable laws and regulations.
• Repurchase Price Limit: The purchase price for the H Shares will not exceed 5% above the average closing market price over the five trading days immediately preceding each repurchase transaction.
• Compliance: All repurchases will comply with the Hong Kong Listing Rules, the Codes on Takeovers and Mergers and Share Buy-backs, the Securities and Futures Ordinance, and all other applicable laws.
• No Mandatory Offer Triggered: The repurchase scheme is not expected to trigger any mandatory offer obligations under the Takeovers Code.
• Discretion and Market Conditions: The actual implementation of the repurchase scheme, including timing, quantity, and price, remains at the absolute discretion of the Board and will be subject to prevailing market conditions. There is no guarantee that any particular amount of shares will actually be repurchased.

Board Composition

As of the announcement date, the Board comprises five executive directors (Mr. Chen Jianzheng, Mr. Wang Pinran, Mr. Xing Jiangze, Mr. He Chengqun, Ms. Zhao Li), two non-executive directors (Mr. Zhang Feihu, Mr. Wang Guanran), and four independent non-executive directors (Mr. Yeung Chi Tat, Mr. Bo Shao Chuan, Mr. Guo Michael Xinsheng, Mr. Huang Hui).

Potential Share Price Sensitivity

This announcement could be price-sensitive for investors, as share repurchases often signal management’s belief that the shares are undervalued and can serve to support or increase the share price. The possibility of shares being allocated for incentive schemes could also have implications for future earnings and share dilution. Shareholders and potential investors are advised to exercise caution and monitor further announcements from the company regarding the progress and outcome of the repurchase scheme.

Disclaimer

The above article is based on a company announcement and is provided for informational purposes only. It does not constitute investment advice or a recommendation to buy or sell any securities. Investors should conduct their own due diligence and consult with a financial advisor before making any investment decisions. The implementation of the share repurchase scheme is subject to market conditions and the discretion of the Board, and there is no guarantee as to the timing, quantity, or price of any repurchases.

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