Summary by Moomoo AI
Newborntown Technology Limited ("the Company") acquired a total of 42,148,000 shares through Three D Partners Limited from the market between April 28, 2023 and October 18, 2024. In addition, between October 21 and October 25, 2024, Three D Partners Limited purchased an additional 3,100,000 shares at an average price of approximately HK$3.22 per share, with a total price of approximately HK$9,981,627.00. The company stated that this demonstrates confidence in the future prospects of the business and will create value for shareholders. The board of directors believes that the company's existing financial resources are sufficient to support this share acquisition while maintaining a solid financial position. Three D Partners Limited will hold the acquired shares until they are vested under the restricted stock unit incentive plan. The board of directors will periodically review and decide whether to proceed with further share purchases.