Summary by Moomoo AI
From December 16 to 20, 2024, NEWBORNTOWN Technology Limited purchased 3,998,000 shares in the market through Three D Partners Limited under the restricted share unit incentive plan, at an average price of approximately 3.97 HKD per share, for a total consideration of approximately 15.87 million HKD. The number of shares purchased represents approximately 0.34% of the company's current total issued shares. As of now, the shareholding balance held by Three D Partners Limited under this plan is 65,640,069 shares.The Board of Directors stated that the share buyback demonstrates the company's confidence in its business outlook and prospects, and believes that this will ultimately benefit the company and create value for the Shareholders. The Board of Directors confirmed that the company's existing financial resources are sufficient to support the share buyback while maintaining a sound financial condition. The Board of Directors will review and decide at its discretion whether to conduct further share buybacks and the appropriate timing for such purchases.
