Understanding the Market | SDHG rises over 8% again, the company states that business operations remain normal, previously announced a buyback plan of up to $100 million

SDHG rose over 8% again, closing up nearly 30% yesterday. As of the time of writing, it is up 7.8%, priced at HKD 4.7, with a trading volume of HKD 1.419 billion. In terms of news, SDHG previously issued a statement regarding the unusual price and trading volume of its shares, confirming after reasonable inquiries that, aside from the matters mentioned in the announcement regarding the high concentration of equity released on September 18, no reasons have been found that could lead to abnormal fluctuations in share price and trading volume. Additionally, the board stated that the group's business operations remain normal, and there have been no significant changes in business operations or financial conditions. Furthermore, on the evening of September 16, SDHG announced that the board had received authorization from shareholders on June 6, 2025, to repurchase up to 10% of the issued shares. The board decided to authorize management to execute the share repurchase plan at an appropriate time. The repurchase price will not exceed HKD 17 per share, with a total amount not exceeding USD 100 million, and the funds will come from the company's existing cash flow or working capital