Bairong announces HK$450 million share repurchase program

Bairong Inc. (HKEX: 6608) announced a HK$450 million share repurchase program for Class B shares to be executed over the next 12 months, according to a company statement.

The board of directors resolved to repurchase shares in the open market under a mandate approved by shareholders at the annual general meeting held on May 30, 2025. The repurchase program operates within existing shareholder authorization.

The company stated the share repurchase demonstrates confidence in its business outlook and prospects, with the board believing current financial resources enable implementation while maintaining financial stability.

Bairong describes itself as an enterprise-level AI application service provider that delivers AI Agent services to institutional clients through a Results-as-a-service business model. The company uses technologies including large language models, reinforcement learning, and natural language processing.

The company operates proprietary BR-LLM large language model and agent building system Bairong CybotStar, both of which have completed national regulatory registration. Bairong holds over 95% of intellectual property rights in its product portfolio and maintains 461 software copyrights and patents as of June 30, 2025.

Bairong serves more than 8,000 institutional customers across finance, internet, retail, communications, education and healthcare industries, providing AI Agent services for marketing, customer service, contract analysis, credit assessment, fraud prevention, and claims settlement.

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