Zhitong Finance App News, Quzhi Group (00917) issued an announcement. The board of directors decided to repurchase up to 26.489,900 shares (shares) of the Company's issued shares (shares) (equivalent to 10% of the total number of shares issued (excluding any treasury shares) on the day the relevant repurchase authorization was passed), as approved by the Company's shareholders at the annual general meeting of shareholders held on May 22, 2026 (recommended share repurchase) from time to time.

The board of directors believes that the current transaction price of the shares does not reflect their intrinsic value, and this is a good opportunity for the Company to repurchase the shares. The Board believes that the proposed share buyback will enhance the value of the shares and thereby improve shareholder returns. The proposed share repurchase also reflects the board's confidence in the Group's long-term business prospects and will ultimately benefit the Company and conform to the overall best interests of the Company and shareholders.

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