AInnovation Technology Group Co., Ltd commences an Equity Buyback for 56,313,823 shares, representing 10% of its issued share capital, under the authorization approved on May 16, 2025.
AInnovation Technology Group Co., Ltd (SEHK:2121) commences share repurchases on June 11, 2025, under the program mandated by the shareholders in the Annual General Meeting held on May 16, 2025. As per the mandate, the company is authorized to repurchase up to 56,313,823 shares, representing 10% of its issued share capital. The purpose of repurchase program is to enhance the net assets and/or its earnings per share. The repurchases will be made out of the funds legally available for such purpose in accordance with its company?s ordinance. The authority shall expire at the earliest of the next Annual General Meeting, the date on which the next Annual General Meeting is required to be held or the date on which the authority is carried out to the full extent, unless varied or revoked in a General Meeting. As of May 16, 2025, the company had 565,050,738 shares in issue.
On May 16, 2025, the company announced a share repurchase program. Under the program, the company will repurchase HKD 100 million worth of shares. The repurchases will be made from company's own funds. The Shares repurchased will be cancelled or held as stock shares.
Ainnovation Technology Group Co Ltd, formerly Qingdao AInnovation Technology Group Co Ltd, is a China-based company primarily engaged in the research and development of artificial intelligence technologies and provide artificial intelligence based software and hardware technology solutions. The Companyâs main products include ManuVision Intelligent Machine Vision Platform, MatrixVision Intelligent Edge Video Platform, Orion Distributed Machine Learning Platform, Cloud Platform, ChatX series generative applications and other products. The Companyâs products are mainly used in the food and beverage and new material, iron and steel metallurgy, panel semiconductors, automotive equipment, intelligent manufacturing practical training, financial industry and other fields. The Company mainly conducts its business in the domestic market.
AInnovation Technology Group Co., Ltd commences an Equity Buyback for 56,313,823 shares, representing 10% of its issued share capital, under the authorization approved on May 16, 2025.
