Summary by Moomoo AI
CENTRUM VEHICLES (GROUP) CO., LTD. (“CENTRUM VEHICLES”) ISSUED A NOTICE ON 26 JANUARY 2024 PROVIDING AN UPDATE ON THE PROGRESS OF ITS POTENTIAL H SHARE REPURCHASE. The Company had previously proposed in its announcements of 28 November and 27 December 2023 to repurchase all issued H Shares and may apply to withdraw the listed position of H Shares on the Hong Kong Stock Exchange upon completion of the repurchase. The latest developments show that the vehicle has received approval from the National Foreign Exchange Authority and repurchase terms are being drawn up. HOWEVER, THE COMPANY STRESSES THAT THE FINAL APPROVAL OR COMPLETION OF THE POTENTIAL H SHARE REPURCHASE IS NOT GUARANTEED, SO SHAREHOLDERS AND POTENTIAL INVESTORS SHOULD EXERCISE CAUTION. Under Rule 3.7 of the Acquisition Code, the CCG will continue to update the repurchase progress on a monthly basis until a final decision is made. The members of the Board include Executive Director Mr. Li Guiping and eight other members and are responsible for the accuracy of the announcement.