HashKey Stock Jumps 9% As Board Approves HKD100 Million Buyback

TLDR

• HashKey approved an on-market share buyback plan.
• The repurchase amount is capped at HKD100 million.
• The buyback will use internal funds, not IPO proceeds.
• HashKey said the plan reflects confidence in its long-term Web3 growth strategy.
• HashKey stock jumped 9.06% to HK$3.010 during Hong Kong trading.

HashKey Holdings has approved an on-market share repurchase plan worth up to HKD100 million. The company said it will fund the buyback with internal resources, excluding proceeds from its global offering. The plan follows shareholder approval of the repurchase mandate at the annual general meeting on June 11, 2026.

Board Approves On-Market Repurchase Plan

HashKey issued the voluntary announcement under Stock Code 3887 after its board approved the buyback plan. The company said it will conduct repurchases in the open market. The total repurchase amount will not exceed HKD100 million. HashKey added that it will use the Group’s own funds for the program. The company excluded global offering proceeds from the planned funding source.

The repurchase period starts from the approval date of the Share Repurchase Mandate. It will continue until the conclusion of the next annual general meeting. HashKey said the program follows the mandate approved by shareholders. The company held the annual general meeting on June 11, 2026. The announcement did not provide a fixed timetable for individual purchases.

The board said the buyback shows confidence in HashKey’s business outlook and prospects. It also said the repurchase may help create value for shareholders. According to the company, the plan reflects the Group’s financial strength. HashKey said it can maintain sufficient resources while carrying out the buyback. The company did not disclose a target share price.

HashKey said the share repurchase will follow all relevant market rules. The company cited the Hong Kong Stock Exchange listing rules. It also cited the Takeovers and Mergers and Share Buy-backs Codes. The company said the plan will comply with Cayman Islands company law. HashKey added that it will follow other applicable laws and regulations.

Chairman Says Shares Undervalue Growth Potential

Dr. Xiao Feng, HashKey’s chairman, executive director, and chief executive officer, commented on the plan. He said the company’s current share value does not fully reflect its position. Xiao referred to HashKey’s role in Web3 digital financial infrastructure. He also cited the group’s growth potential in that market. His comments formed part of the company’s voluntary announcement.

“We believe that the current value of the Company’s shares does not fully reflect the Group’s strategic positioning,” Xiao said. He added that the plan shows the board’s confidence in long-term value. Xiao said the company remains committed to improving shareholder returns. HashKey has not announced the number of shares it may repurchase. The company said total spending remains capped at HKD100 million.

HashKey Stock Jumps 9%

According to Yahoo Finance data, HashKey Holdings Limited traded higher during the session, reflecting strong buying activity after opening at HK$2.760. The stock reached HK$3.010, gaining HK$0.25, 9.06% from the previous close. Trading remained positive throughout most of the day, with the price advancing steadily from early levels.

The stock climbed sharply after the opening bell and moved above HK$3 before mid-morning. Buyers maintained control through the morning session, keeping prices near the day’s highs. The share price touched an intraday high of HK$3.08 before easing slightly. Despite the pullback, the stock held above HK$3. level for most of the afternoon. A brief decline appeared shortly, pushing the price below HK$3.

However, buyers returned quickly and lifted the stock back to HK$3.010. The recovery stabilized trading and prevented a deeper decline during the session. The day’s trading range stood between HK$2.760 and HK$3.080. Volume reached 1.09 million shares, compared with an average volume of 1.57 million shares. The market capitalization was reported at HK$8.33 billion. The stock remained well above the previous close of HK$2.760, while the bid and ask prices stood near HK$3.000 and HK$3.010, respectively.