Newborn Town Inc. Announces Cancellation of Repurchased Shares: Key Information for Investors
Highlights from the Announcement
- Repurchase Mandate Granted: At the 2026 Annual General Meeting (AGM), Newborn Town Inc.’s board received authorization to repurchase up to 141,300,639 shares, representing 10% of the total issued shares (excluding treasury shares).
- Execution of Repurchase: Between 2 July 2026 and 24 July 2026, the company repurchased 2,664,000 shares through on-market transactions on the Main Board of the Hong Kong Stock Exchange, at a total consideration of approximately HK\$23.5 million (excluding transaction costs).
- Share Cancellation: The repurchased shares were cancelled on 30 July 2026, reducing the company’s issued shares from 1,403,002,391 to 1,400,338,391.
- Compliance Maintained: Following the cancellation, the company confirmed it still meets the minimum public float requirement under Hong Kong Listing Rules.
Key Considerations for Shareholders
- Potential Impact on Share Value: The Board believes that cancelling the repurchased shares will enhance net asset value per share and/or earnings per share, which could positively affect share prices.
- Ongoing Repurchase Possibility: The Board retains absolute discretion to conduct further share repurchases, subject to the Repurchase Mandate and relevant regulations. However, there is no guarantee regarding the timing, quantity, or price of future repurchases.
- Market Sensitivity: Shareholders and potential investors should note that corporate actions like share repurchases and cancellations are typically viewed as shareholder-friendly and may lead to upward share price movements, especially when they improve per-share financial metrics.
- Investor Caution: The announcement advises shareholders and potential investors to exercise caution when dealing in the shares, given the discretionary nature and uncertainty of future repurchases.
Detailed Information
Newborn Town Inc. (Stock Code: 9911), incorporated in the Cayman Islands and listed on the Hong Kong Stock Exchange, has voluntarily announced the cancellation of shares repurchased under the general mandate granted at its 2026 AGM. The repurchase amounted to 2,664,000 shares, conducted via on-market transactions for a total payment of HK\$23.5 million.
The cancellation of these shares, effective 30 July 2026, reduces the total issued shares by approximately 0.19%. This action is intended to boost shareholder value by increasing per-share metrics such as net asset value and earnings per share.
The Board, led by Chairman Mr. LIU Chunhe, has reiterated its commitment to ongoing review and potential future share repurchases, consistent with company articles, Hong Kong Listing Rules, and relevant laws. The company’s executive directors include Mr. LIU Chunhe, Mr. LI Ping, Mr. YE Chunjian, and Mr. SU Jian; with independent non-executive directors Mr. CHI Shujin, Ms. CHEN Sichao, and Mr. CHEN Yuyu.
Investors should remain vigilant, as share repurchase and cancellation programs signal management’s confidence in the company’s prospects and are often interpreted positively by the market.
Disclaimer
This article is for informational purposes only and does not constitute investment advice. Investors should perform their own due diligence and consult with professional financial advisors prior to making investment decisions. The information provided is based on publicly available company disclosures.
新生代城市股份有限公司回購股份及註銷公告：投資者需知重點
公告重點摘要
- 回購授權：於2026年股東大會，公司董事會獲授權最多回購141,300,639股，佔公司已發行股份總數（不包括庫存股）10%。
- 實行回購：公司於2026年7月2日至7月24日期間，於香港聯交所主板進行市場回購，共回購2,664,000股，總金額約為2,350萬港元（不包括交易成本）。
- 股份註銷：回購股份已於2026年7月30日註銷，公司已發行股份由1,403,002,391股減至1,400,338,391股。
- 合規：註銷後，公司仍符合香港上市規則最低公眾持股要求。
股東重要事項
- 股價影響：董事會認為註銷回購股份可提升每股資產淨值及每股盈利，對股價有正面影響。
- 持續回購可能性：董事會保留絕對權利，按市況及合規前提下進行回購，但未有任何時間、數量或價格承諾。
- 市場敏感度：股份回購及註銷通常被視為對股東有利，能提升每股財務指標，或帶動股價上升。
- 投資者謹慎：公告提醒股東及潛在投資者，未來回購具不確定性，處理股份時需謹慎。
詳細資料
新生代城市股份有限公司（股份代號：9911），於開曼群島註冊，並在香港聯交所上市，現自願公告已根據2026年股東大會授予的一般回購授權，回購並註銷2,664,000股，交易總額為2,350萬港元。
此次註銷於2026年7月30日生效，令公司總發行股份減少約0.19%。董事會旨在提升股東價值，增加每股資產及盈利水平。
董事會主席劉春和重申，將持續審視及可能進行回購，並嚴格遵守公司章程、上市規則及相關法律。公司執行董事包括劉春和、李平、葉春建、蘇健，獨立非執行董事包括池書金、陳思超、陳玉瑜。
投資者需留意，公司股份回購及註銷計劃通常反映管理層對公司前景的信心，市場多持正面態度。
免責聲明
本文章僅供資訊用途，並非投資建議。投資者應自行做足功課，並諮詢專業財務顧問作出投資決策。資料來源為公司公開披露。
