Shandong Hi-Speed jumps most in nearly 4 years on share buyback

About this update from Shandong Hi-speed Holdings Group Limited

** Shares of Shandong Hi-Speed Holdings Group HKEX:412 soar 33.3% to HK$4.48, on course for the biggest one-day pct gain since November 2021** The industrial investment and financial services group said the company repurchased 3.7 mln shares, or 0.06% of the issued share capital, in the open market on September 19 and the company may further repurchase shares when appropriate** Says the current share price does not fully reflect the company's long-term investment value, core business competitiveness and future growth potential, and the share buy-back demonstrates its full confidence in its business outlook and prospects** YTD, stock down 38.5%, while Hang Seng Commerce & Industry Index HSI:HSCI up 35%

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