Zhipu: Plans to Repurchase Up to HK$4 Billion of H Shares

According to TechFlow, on November 10, Zhipu (02513.HK) announced on the HKEX that, after the board of directors received a share repurchase proposal from Chairman Liu Debing, it intends to repurchase H Shares from time to time on the open market under the general mandate granted at the annual general meeting on June 22, 2026, with a total planned amount of up to HK$4 billion and a total number of shares repurchased not exceeding 1% of the total issued shares as of the announcement date.

The Company believes that the share repurchase plan will demonstrate its confidence in the long-term business outlook and prospects of the Group, as well as its commitment to enhancing shareholder value. In connection with the share repurchase plan, the Company will consider the Group's financial condition, working capital requirements, and business development needs to maintain sufficient financial resources for its ongoing operations and growth. (Jin10)

Source: TechFlow