Anton Oilfield Services Group announced that Chairman and founder Luo Lin, together with selected senior management members, intends to boost their collective shareholding in the company through on-market purchases valued at no more than HKD35.00 million.
The proposed Shareholding Increasing Plan will run from 27 April 2026 to 30 June 2026—or until any earlier date to be determined and disclosed by the company. Based on the current market price, the maximum investment would translate into an additional stake of approximately 1.0% of Anton Oilfield’s total issued shares, although the ultimate number of shares and total amount spent may be lower, depending on market conditions, price movements, regulatory limits and trading blackout periods.
Anton Oilfield stressed that the company itself will not participate in, or provide financing for, the program. Luo Lin and participating executives will fund purchases with personal resources and adhere to the Hong Kong Listing Rules, the Model Code for Securities Transactions by Directors, and the Securities and Futures Ordinance. The company also confirmed that its public float will remain in compliance with listing requirements after completion of the plan.
Management views the intended purchases as a signal of confidence in the group’s long-term prospects. The company cautioned that the initiative could be suspended or curtailed if market conditions, price fluctuations or regulatory factors change. Further updates will be released in accordance with applicable regulations.