bestdappgames| KEEP: Increase by up to HK$100 million in respect of proposed share repurchase authorizations

KEEP (03650) issued an announcementbestdappgames, the company concerned intends to use funds of up to HK$16 million to repurchase the company's shares on the open market from time to time in accordance with the share repurchase mandate approved by the company's shareholders at the general meeting held on June 12, 2023. As of the date of this announcement, the company has used more than 90% of its repurchase funds to repurchase shares on the open market. On May 19, 2024, it had resolved to increase the amount allocated to the repurchase funds by up to HK$100 million for the proposed share repurchase mandate. The Board of Directors of the Company will continue to conduct proposed share repurchases on the open market from time to time in accordance with the share repurchase mandate approved by shareholders on June 12, 2023 and/or any subsequent renewal or renewal of share repurchase mandate approved by shareholders from time to time. The company plans to use its own financial resources other than the proceeds from the initial public offering to fund the share repurchase.

The company believes that the share repurchase will demonstrate the company's confidence in its own business prospects and prospects, and will ultimately benefit the company and create value for its shareholders. The Board believes that the company's current financial resources will enable it to implement share repurchases while maintaining a healthy financial position.