ANTENGENE-B (06996) plans to conduct on-market share buyback.

ANTENGENE-B (06996) announces that the Board of Directors of the company hereby declares its intention to exercise the power granted by the resolution passed at the Company's Annual General Meeting of Shareholders held on June 14, 2024, under the general authorization granted to the Board of Directors, to repurchase up to 67.4889 million shares of the Company, which is 10% of the total number of issued shares as of the date of the Annual General Meeting of Shareholders (proposed share buyback). On April 7, 2025, the Board of Directors has decided to utilize the share buyback authorization, and to repurchase shares on the open market at a maximum total price of HK$40 million depending on market conditions. The Company will conduct the proposed share buyback in accordance with the Company's Articles of Association, the Listing Rules of The Stock Exchange of Hong Kong Limited, the Takeovers Code, the Companies Law of the Cayman Islands (as amended), and all applicable laws and regulations that the Company is required to comply with. The Board of Directors may subsequently cancel the repurchased shares or retain them as treasury shares in accordance with market conditions at the time of repurchase and the capital management needs of the Group. The Company will fund the proposed share buyback using its internal resources. The Board of Directors believes that conducting the share buyback at this time demonstrates the Company's confidence in its business prospects and outlook, and will ultimately benefit the Company and create value for shareholders. The Board of Directors is of the view that the Company's current financial resources will enable it to implement the proposed share buyback while maintaining a strong financial position. The Board of Directors believes that the proposed share buyback is in the best interests of the Company and its shareholders as a whole.