Summary by Moomoo AI
Newborntown Technology Limited (the "Company") announced its plan to purchase shares on April 27, 2023, and acquired a total of 37,312,000 shares from the market through Three D Partners Limited between April 28, 2023, and October 4, 2024. Additionally, from October 8, 2024, to October 18, 2024, Three D Partners Limited made another purchase of 4,836,000 shares. The company stated that this demonstrates confidence in the company's business prospects and will create value for shareholders. After the share purchase, Three D Partners Limited holds a total of 46,836,069 shares. The average purchase price per share is 3.23 Hong Kong dollars, with a total consideration of approximately 15,600,918.60 Hong Kong dollars. The board of directors will continue to review and decide whether further share purchases will be made. The board of directors of the Company includes executive directors Mr. Liu Chunhe, Mr. Li Ping, Mr. Ye Chunjian, Mr. Su Jian, as well as independent non-executive directors Mr. Gao Ming, Mr. Chi Shujin, and Mr. Huang Sichen.
