Gelonghui April 30, Lijin Technology (00558SupertripleplayvideopokerHK) announced that the company did not exceed the repurchase authorization limit below during the period from December 18, 2023 to January 15, 2024SupertripleplayvideopokerA total of 12 million shares of the company were repurchased. The share repurchase is in accordance with the shareholders' resolution passed at the annual general meeting of the shareholders held on September 6, 2023, the board of directors of the company is granted a general mandate to redeem not more than 137Supertripleplayvideopoker, 639150 shares.

The price of share repurchase ranges from the lowest price of HK $3.94 to the highest price of HK $5.05, the total consideration (excluding commission andSupertripleplayvideopokerHis expenditure is approximately HK $56659300, which is disbursed from the company's existing cash reserves and free cash flow. The repurchased shares are equivalent to approximately 0.87% of the total number of shares in issue (i.e. 1376391500 shares) at the date of the announcement. The company will subsequently cancel the repurchased shares. It is expected that after the cancellation of all repurchased shares, the total number of shares issued will be reduced to 1364391500 shares.

The Board considers that the share repurchase is in the best interests of the Company and its shareholders as a whole and considers that the current share price of the Company deviates from the Company's value until the expiry of the Repurchase mandate, and the Company may make further repurchases in the light of market conditions, subject to the feasibility of the Repurchase mandate. Share repurchases reflect the company's recognition of its own value and its confidence in the long-term prospects of the industry.