CAROTE LTD (02549) plans to repurchase up to HK$50 million worth of shares.

CAROTE LTD (02549) announced that on April 10, 2025, the Board of Directors plans to use the share buyback authorization and may, depending on market conditions and capital arrangements of the company, from time to time repurchase shares for a total amount of up to HK$50 million. The company will fund the proposed share buyback with its available cash reserves. The Board of Directors believes that the proposed share buyback is in the overall interest of the company and its shareholders. The Board of Directors also believes that the company's existing financial resources are sufficient to support the share buyback while maintaining a strong financial position.