LX Technology Repurchases 240,000 Shares for HK$4.19 Million, Cutting Free-Float to 342.26 Million

Bulletin Express
5 hours ago

On 8 October 2026, LX Technology Group Limited executed an on-market buyback of 240,000 ordinary shares, all to be retained as treasury stock.

• Transaction details: Shares were repurchased on the Hong Kong Stock Exchange at prices ranging from HK$17.20 to HK$17.72, with a volume-weighted average cost of HK$17.45 per share. The outlay totalled HK$4.19 million.

• Capital impact: The buyback reduced the company’s outstanding share count (excluding treasury shares) by 0.07% to 342.26 million. Treasury holdings rose to 11.00 million shares, while the total issued share capital remains unchanged at 353.26 million.

• Repurchase mandate utilisation: Since shareholders approved a 35.06 million-share repurchase mandate on 5 June 2026, LX Technology has acquired 8.32 million shares, equivalent to 2.37% of the shares outstanding on the mandate date.

• Issuance lock-up: In line with Hong Kong listing rules, LX Technology is restricted from issuing new shares or selling treasury shares until 7 November 2026.

All repurchase activities complied with the Main Board Listing Rules, and the company reports no material changes to the explanatory statement filed on 30 April 2026.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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