ALEBUND-B (09637) intends to repurchase no more than HK$100 million of H shares.

ALEBUND-B (09637) announces that the Board has resolved to repurchase the Company's H shares from time to time on the open market of The Stock Exchange of Hong Kong Limited, with an aggregate amount not exceeding HK$100 million (including transaction costs such as brokerage commissions and stamp duty), pursuant to the general mandate approved by and granted to the directors of the Company by the shareholders of the Company at the extraordinary general meeting held on August 14, 2026. The share repurchase is intended to safeguard the Company's value and shareholders' interests. Having considered, among other things, the trading performance of the H shares, the Company's business and financial condition, capital requirements and the overall interests of shareholders, the Board considers the share repurchase to be necessary and reasonable. The Board believes that the share repurchase will demonstrate the Company's confidence in its own business prospects and future development, and will ultimately benefit the Company and create value for shareholders. Within the scope of the applicable share repurchase mandate available at the relevant time, the Company may, depending on market conditions, further repurchase H shares (in addition to those described above). The Board believes that the Company's existing financial resources will enable it to implement the share repurchase while maintaining a sound financial position.