Z.AI (02513) plans to repurchase H shares with a cap of HK$4 billion.

Z.AI (02513) announced that, after receiving a share repurchase proposal from Chairman Dr. Liu Debing, the Company intends to repurchase its H shares from time to time on the open market pursuant to the general mandate granted by the Company's shareholders at the annual general meeting held on June 22, 2026. The repurchase mandate will remain valid until the earlier of: the conclusion of the Company's 2026 annual general meeting; or the date on which shareholders pass a special resolution at a general meeting to revoke or amend the repurchase mandate. The expected maximum aggregate amount of the share repurchase plan is HK$4 billion, and the total number of H shares to be repurchased under the share repurchase plan shall not exceed 1% of the total number of issued shares of the Company as at the date of this announcement. The Company believes that the share repurchase plan will demonstrate its confidence in the Group's long-term business outlook and prospects, as well as its commitment to enhancing shareholder value. In connection with the share repurchase plan, the Group's financial position, working capital requirements and business development needs will be taken into account to maintain sufficient financial resources for its ongoing operations and growth.