On October 9, HUAYAN ROBOTICS rose 9.13% in regular trading, trading at 8.8 Hong Kong dollars, with turnover of 59.9524 million Hong Kong dollars. The move extends gains after the company announced a plan to repurchase up to 200 million yuan of H-shares on October 2.

The proposed buyback, funded by internal resources and not from global offering proceeds, will cover up to 53,903,900 H-shares, representing 10% of total issued H-shares, with repurchased shares to be cancelled. The repurchase authorization was granted at the annual general meeting held on June 22 and had an upper limit of 53,903,878 H-shares.

Since its listing on March 30, HUAYAN ROBOTICS H-shares traded in a range of 16.20 to 25.12 Hong Kong dollars and have been under pressure. The board's ongoing buyback initiative is viewed by the market as a signal of management's commitment to enhancing shareholder returns and stabilizing the share price.

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