IDREAMSKY (01119) announced that the Board of Directors has noted the recent fluctuations in the company's share price and trading volume. The company hereby informs...
According to the Zhito Finance APP, IDREAMSKY (01119) announced that the Board of Directors has noted the recent fluctuations in the company’s stock price and trading volume. The company hereby informs shareholders and potential investors that as of the date of this announcement, the Group's various Business operations are functioning normally.
The introduction and distribution of overseas quality games are important operational models for the company and are the foundation of the company's stable management. The company launched 'Mecha Squad' in January 2024 and 'Legendary Store' in December of the same year, both of which performed exceptionally well; the company also has several signed products in reserve and plans to gradually launch them within the year and in 2026, injecting momentum into the company's sustained development. Self-developed games are also continuously being launched with high quality, providing growth support for the company. Since its global launch on November 22, 2024, the PC version of 'Kalapiqiu' has been favored by global users, especially in Japan, where it has consistently ranked in the top ten of Steam's weekly bestsellers in Japan for four consecutive weeks (ranked by revenue), exceeding targets in user activity and commercialization. Currently, the development, marketing, and Operation of 'Kalapiqiu' are all proceeding in an orderly manner, with plans for the mobile and console versions to launch globally within the year. The company's Operation continues to improve, and the Board of Directors is confident about the company's future development prospects.
The announcement states that the company plans to conduct a share buyback according to the authorization from the 2023 annual shareholder meeting, with a total buyback amount not exceeding HKD 0.2 billion.
The Board of Directors believes that the value of the shares traded on the market is significantly underestimated, and the current Fill Price of the shares does not reflect their intrinsic value. The company’s current financial condition and business status are good, with sufficient financial resources enabling the company to implement the share buyback plan while maintaining rapid development of the Group's business. The Board of Directors believes that the share buyback can enhance the value of the shares, thereby increasing shareholder returns.