Zhitong Finance App News, Maoyan Entertainment (01896.HK) issued an announcement. The board of directors decided that, according to market conditions, from the date of this announcement until the next annual general meeting of shareholders of the company to be held in 2027, the company will exercise share repurchase authorization to repurchase shares in the open market from time to time. The company plans to use no more than approximately HK$250 million to repurchase shares in accordance with the proposed share repurchase plan. The company will use its existing available cash reserves and free cash flow to fund share repurchases.

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