Zhongxu Future (09890.HK) plans to repurchase shares with a total value of up to 300 million Hong Kong dollars.

The Zhixun financial APP reported that Zhongxu Future (09890.HK) announced that based on the confidence of the board of directors in the company's future development prospects and valuation potential, and at the same time committed to enhancing the company's image in the capital market, safeguarding the rights and interests of investors, and strengthening investor confidence, the board of directors has formally decided to exercise the share repurchase authorization. Starting from the date of this announcement, within twelve months, according to market conditions and capital arrangements, at the time and frequency determined by the board of directors, the company will repurchase shares in the market with a total amount of up to HK$3 billion. The company will use its available cash reserves to fund the proposed share repurchase.