Zhipu: Plans to repurchase up to HK$4bn of H shares

On November 10, Zhipu (02513.HK) announced on the Hong Kong Stock Exchange that, following the board's receipt of a share buyback proposal from Chairman Liu Debing, the company will purchase H shares from time to time in the open market under the general mandate granted at the annual shareholders' meeting on June 22, 2026, with a maximum aggregate amount of HKD 4 billion and a total purchase volume not exceeding 1% of the total issued shares as of the announcement date.

The Company believes that the share buyback program will demonstrate its confidence in the long-term business outlook and prospects of the Group, as well as its commitment to enhancing shareholder value. With regard to the share buyback program, the Group’s financial position, working capital requirements, and business expansion needs will be considered to maintain adequate financial resources for continuous operations and growth. (Jinshi)