HashKey Holdings Limited announced its board approved a share repurchase plan of up to HK$100 million under the mandate passed at its annual general meeting on June 11, 2026. The Hong Kong-listed digital asset company said the buyback gives it flexibility to repurchase shares in the open market using its own capital, excluding proceeds from its global offering. Chairman, Executive Director and Chief Executive Officer Dr. Xiao Feng said the board believes the current share price does not fully reflect HashKey's strategic positioning and growth prospects in Web3 digital financial infrastructure. Hong Kong has been building a licensed virtual asset framework covering trading platforms, tokenization, stablecoins and institutional market infrastructure, positioning HashKey as a regulated player in one of the world's most active digital asset markets.
HashKey Board Approves HK$100 Million Share Repurchase Mechanics
The buyback period will run from the date of board approval until the conclusion of HashKey's next annual general meeting, unless the mandate is revoked or amended earlier. The company said the timing, price and volume of repurchases will depend on market conditions, capital requirements and regulatory rules. Shares repurchased may be cancelled or held as treasury shares, depending on the group's capital management needs.
HashKey said the repurchases will be funded with its own capital and will exclude proceeds from its global offering. The board said the repurchase plan will only be carried out when it believes doing so is in the interests of the company and shareholders. HashKey also said the program would be conducted in accordance with Hong Kong listing rules, applicable laws and available financial resources.
CEO Dr. Xiao Feng Cites Share Price Undervaluation
Chairman, Executive Director and Chief Executive Officer Dr. Xiao Feng said the board believes the current share price does not fully reflect HashKey's strategic positioning and growth prospects in Web3 digital financial infrastructure. HashKey said the plan demonstrates the board's confidence in the company's business outlook, financial position and long-term growth potential.
The company operates businesses spanning exchange services, investment management and Web3 infrastructure within Hong Kong's regulated digital asset ecosystem.
HashKey Shares Rise Following Buyback Announcement
The announcement was followed by a positive market reaction, with HashKey shares rising sharply after the buyback approval. That response suggests investors viewed the plan as a sign of management confidence and a potential stabilizing measure after recent share-price pressure.
The repurchase plan comes as HashKey's listed shares have faced volatility following the company's Hong Kong market debut. Buybacks are often used by public companies to signal confidence when management believes the market is undervaluing the business.
FAQ
What did HashKey Holdings approve on June 11, 2026?
HashKey Holdings' board approved a share repurchase plan of up to HK$100 million under the mandate passed at its annual general meeting on June 11, 2026. The buyback will be funded with the company's own capital, excluding proceeds from its global offering.
Why did HashKey announce the share repurchase plan?
Chairman and CEO Dr. Xiao Feng said the board believes the current share price does not fully reflect HashKey's strategic positioning and growth prospects in Web3 digital financial infrastructure. The plan demonstrates the board's confidence in the company's business outlook and financial position.
How did the market react to HashKey's buyback announcement?
HashKey shares rose sharply after the buyback approval. Investors viewed the plan as a sign of management confidence and a potential stabilizing measure after recent share-price pressure following the company's Hong Kong market debut.
