HONG KONG, Aug. 21, 2026 (GLOBE NEWSWIRE) -- Reitar Logtech Holdings Limited (NASDAQ: RITR) ("Reitar" or the "Company") today announced that its Board of Directors has authorized a share repurchase program under which the Company may repurchase up to US$3 million in aggregate value of its outstanding Class A ordinary shares (the "Share Repurchase Program").
Repurchases under the Share Repurchase Program may be made from time to time in the open market at prevailing market prices, in privately negotiated transactions, in block trades and/or through other legally permissible means, depending on market conditions and in accordance with applicable rules and regulations. Any open-market repurchases will be conducted in accordance with the limitations set forth in Rule 10b-18 and/or Rule 10b5-1 under the U.S. Securities Exchange Act of 1934, as amended, to the extent applicable.
The timing and dollar amount of repurchase transactions will be determined by the Company’s management based on its evaluation of market and business conditions, levels of available liquidity, cash requirements for other purposes, regulatory limitations and other relevant factors. The Share Repurchase Program does not obligate the Company to acquire any specific number of shares and may be suspended, modified or discontinued at any time at the Company’s discretion, subject to applicable law, regulation and market rules, without prior notice. The Company expects to fund the repurchases out of its existing cash balances.
Safe Harbor Statements
This press release contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. Statements that are not historical facts, including statements about the Company’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties, and a number of factors could cause actual results to differ materially from those contained in any forward-looking statement. In some cases, forward-looking statements can be identified by words or phrases such as “may,” “will,” “expect,” “anticipate,” “target,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” “is/are likely to” or other similar expressions. All information provided in this press release is as of the date of this press release, and the Company undertakes no duty to update such information, except as required under applicable law.
About Reitar Logtech Holdings Limited (Nasdaq:RITR)
Reitar Logtech was listed on Nasdaq in 2024, and is Asia’s first integrated industrial solutions provider focused on Property + Logistics Technology (“PLT”). As a pioneer in industry innovation, the group remains focused on the full lifecycle management of logistics assets and technology-driven value creation, establishing an integrated platform that encompasses investment development, operational management, and intelligent upgrades. Reitar drives 'asset value enhancement' and 'technology application scenarios' simultaneously, innovatively integrating intelligent warehousing systems, IoT devices, and data analytics platforms. This effectively achieves synergistic growth in operational efficiency and economic benefits for clients' assets, promoting the efficient allocation of resources across the logistics industry chain and cross-industry integration.
A.R.E. CommTech LimitedMs. Crystal YipTel: 9587 3234 / 3461 3661Email: [email protected] Ms. Chelsie TamTel: 6094 3336 / 3461 3750Email: [email protected]