Summary by Moomoo AI
AAC TECH signed an agreement with an independent broker on December 16, 2024, to initiate a $0.1 billion automatic share repurchase plan. This plan will commence on December 17, 2024, and end on May 16, 2025, including a restriction period before the announcement of the annual results for 2024. The company has received a waiver from the Stock Exchange to strictly comply with Listing Rule 10.06(2)(e), allowing repurchases during the restriction period.The plan will be executed by an independent broker without influence from the company and its related parties. Repurchases will mainly be conducted in accordance with the general authorization granted at the shareholders' annual meeting on May 23, 2024, and if an extension is required, a new general authorization must be obtained at the 2025 shareholders' annual meeting. The...Show More