TMTPOST — Geekplus, the Hong Kong-listed AI and robotics company trading as 2590.HK, announced on Tuesday that its board has approved a share repurchase program for up to HK$2 billion of H shares over the next 24 months. This marks the company’s first repurchase plan since its listing on July 9, 2025. The board stated that the buyback demonstrates confidence in its business prospects and will create value for shareholders, while confirming that current financial resources remain sufficient to support the program alongside a solid balance sheet. The decision comes as listed Chinese robotics and automation companies seek to stabilize share prices amid market volatility. Geekplus’s move reflects a broader trend of management using repurchases to signal long-term optimism in the embodied AI and intelligent logistics sector, where capital intensity remains high. Investors will watch the actual execution pace and its effects on liquidity and valuation multiples as the company continues to invest in scaling warehouse robotics solutions across global markets.