Zhitong Finance App News, Samsonite (01910) issued an announcement. Since the Company has purchased shares on the market since May 14, 2026, with a total purchase price of 50 million US dollars, the board of directors hereby announces that the Company will implement a further share repurchase plan (share repurchase plan) from November 13, 2026 in accordance with the 2026 share repurchase authorization.

The Board of Directors believes that the current stock price of the Company is below its intrinsic value and may not fully reflect the Company's business prospects, and that the share repurchase plan reflects the Board's confidence in the Company's long-term business and growth prospects. The Board of Directors also believes that the share repurchase plan reflects the Company's strict policy on capital allocation and the importance it places on shareholder returns. Furthermore, the share repurchase plan will help offset the dilution effects due to the exercise of share purchase rights granted by the Company under the Company's 2012 Share Award Plan and 2022 Share Award Plan and/or the ownership of restricted share units, respectively.

The maximum share repurchase scheme is no more than US$50 million (equivalent to approximately HK$390.7 million at the exchange rate of HK$1 to HK$7.8145).

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