Ling Meng Film and Television (09857) plans to repurchase shares under a repurchase authorization

According to Zhitong Finance App News, Ning Meng Film and Television (09857) issued an announcement. Shareholders have reviewed and approved a general and unconditional general authorization for directors to repurchase no more than 10% of the number of shares issued on the day of the annual shareholders' meeting (that is, no more than 36.1576 million shares). On December 9, 2025, the board of directors decided to exercise the repurchase authorization to use the company's own funds to repurchase shares in the open market. The company believes that the current share transaction price does not fully reflect the company's intrinsic value and business prospects. The share repurchase reflects the company's long-term confidence in its own business development prospects and growth potential, enhances the net asset value and profit return of each share, conforms to the best interests of the company and shareholders, and will benefit the company and create value for shareholders.