Tanwan Inc. (TANWAN) has announced a new on-market share repurchase program of up to HK$100.00 million to be conducted within six months starting from the first trading day after 25 August 2026. The initiative follows the expiration of the previous HK$40.00 million mandate approved on 13 May 2026.

Since first activating its buyback authority on 13 May 2025, Tanwan has repurchased 16.17 million shares for a total consideration of approximately HK$232.00 million, translating into an average purchase price of HK$14.33 per share. These repurchases were executed under the company’s earlier HK$300.00 million mandate.

Key parameters of the newly approved program are: • Aggregate limit: HK$100.00 million • Execution window: up to six months from the trading day immediately after 25 August 2026 • Funding source: existing cash reserves • Governance: actions to comply with the company’s general buyback mandate passed at the AGM on 17 June 2026, Hong Kong Listing Rules, Cayman Islands Companies Law and relevant takeover and buy-back codes

The Board stated that the decision reflects confidence in the company’s operating performance and long-term strategy, which centers on building a diversified “AI + Game” ecosystem and expanding its global footprint.

The repurchased shares may be cancelled, held in treasury, sold, or transferred as resolved by the Board. Execution details—including timing, quantity and price—remain subject to market conditions and Board discretion, and there is no assurance that any or all of the HK$100.00 million authorization will be utilized.

Tanwan specialises in the marketing and operation of online and mobile games in China and continues to integrate artificial-intelligence capabilities across game development, content production and player services as part of its strategic transformation.