Shangmei Shares Repurchases 31,100 Shares for HK$699,300

Shangmei Shares (HKG: 02145) has repurchased 31,100 of its own shares on the open market for a total consideration of approximately HK$699,300. The transaction, disclosed in a company announcement, took place on September 9, 2026.

Details of the Repurchase

According to the filing, the buyback was conducted within a narrow price range on the Hong Kong Stock Exchange. The specific figures from the transaction are as follows:

• Total Shares Repurchased: 31,100
• Total Cost: Approximately HK$699,300
• Price Range: HK$22.44 to HK$22.50 per share

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Context for Investors

Share repurchase programs are a common corporate finance tool used to return capital to shareholders. By reducing the number of shares in circulation, buybacks can have the effect of increasing earnings per share (EPS), a key valuation metric.

Such actions are often viewed by the market as a signal of management's confidence in the company's financial health and future prospects, suggesting they believe the stock is currently undervalued. This repurchase represents a deployment of the company's capital aimed at enhancing shareholder value.