Hyfusin Group Holdings Limited (SEHK:8512) announces a share repurchase program. Under the agreement, the company will repurchase up to 181,500,000 shares, representing 16.5% of its share capital for HKD 30 million. The shares will be repurchased at HKD 0.165 per share.

The shares will be repurchased from Vibes Enterprises Company Limited. The plan is subject to approval from EGM and other executive consents and approval from both sides. The repurchased shares will be cancelled.

The plan will be valid until the 4th Business day after fulfillment of all of the conditions precedent under the Agreement, or such other date as the Company and the Vendor may agree in writing. As of February 20, 2024, the company had 1,100,000,000 issued shares.