Gelonghui October 4th: Newborntown Technology (09911.HK) announced that, between April 28, 2023 and July 26, 2024, Three D Partners Limited purchased a total of 3442.4 shares from the market. Subsequently, between September 23, 2024 and October 4, 2024, Three D Partners Limited further purchased a total of 2.888 million shares from the market, with an average cost of approximately 3.23 Hong Kong dollars per share. Three D Partners Limited will hold the stocks purchased according to the stock purchase until they are vested under the restricted stock unit award plan.
The board of directors believes that the share purchase at the current situation demonstrates the company's confidence and outlook for its business, which ultimately will benefit the company and create value for shareholders. The board of directors believes that the company's existing financial resources are sufficient to support the share purchase while maintaining a sound financial position.
