Semk Holdings International Limited commences an Equity Buyback Plan for 100,000,000 shares, representing 10% of its issued share capital, under the authorization approved on May 20, 2022.

Semk Holdings International Limited (SEHK:2250) commences share repurchases on January 18, 2023, under the program mandated by the shareholders in the Annual General Meeting held on May 20, 2022. As per the mandate, the company is authorized to repurchase up to 100,000,000 shares, representing 10% of its issued share capital. The repurchases will lead to an enhancement of the net asset value per share and/or earnings per share for the company.

The repurchases will be made out of the funds legally available for such purpose in accordance with its memorandum of association and Bye-laws and the applicable laws and regulations of Cayman Islands. The authority shall expire at the earliest of the next Annual General Meeting. As of May 20, 2022, the company had 1,000,000,000 shares in issue.