MAIKE TUBE (01553) intends to repurchase the company's shares.

MAIKE TUBE (01553) announces that on September 30, 2026, the Board resolved to repurchase, from time to time in the open market, ordinary shares of the Company with an aggregate value of up to HK$31 million, pursuant to the general mandate granted to the Directors by shareholders at the Company's annual general meeting held on May 29, 2026. The Board believes that the current trading price of the shares does not accurately reflect the Company's intrinsic value. The Board believes that the share repurchase will demonstrate the Company's full confidence in its business prospects and development potential, and will ultimately benefit the Company and create value for shareholders. The Board will apply funds legally available from the Company's internal resources for the proposed share repurchase. The Board believes that the Company's existing financial resources are sufficient to support the proposed share repurchase while maintaining a sound financial position.