BlockBeats News, June 12th, HashKey Holdings Limited ("HashKey" or the "Company", Stock Code: 3887) issued a voluntary announcement on the 11th, stating that the board of directors has resolved to utilize up to HK$100 million of its own funds (excluding proceeds from the global offering) to repurchase shares on the open market in accordance with the share repurchase mandate approved at the annual general meeting held on the same day. The share repurchase will begin on the date when the share repurchase mandate is approved and will end at the conclusion of the next annual general meeting of the Company. The repurchase will strictly comply with the Listing Rules of The Stock Exchange of Hong Kong Limited, the Takeovers Code, and the Companies Law of the Cayman Islands.

The Board of Directors believes that this share repurchase demonstrates the Company's confidence in its business prospects and future development. The share repurchase is not only beneficial for creating value for shareholders but also reflects the Group's strong financial position, which is sufficient to maintain a good financial resource allocation while repurchasing shares.

Dr. Xiao Feng, Chairman, Executive Director, and Chief Executive Officer of HashKey, stated: "We believe that the current share price of the Company does not fully reflect the strategic layout and growth potential of the Group in the Web3 digital financial infrastructure field. This share repurchase plan reflects the Board's confidence in the long-term value of the Company and our commitment to enhancing shareholder returns."