CMBC Capital Holdings Limited commences an Equity Buyback Plan for 110,150,569 shares, representing 10% of its issued share capital, under the authorization approved on June 28, 2024.

CMBC Capital Holdings Limited (SEHK:1141) commences share repurchases on July 2, 2024, under the program mandated by the shareholders in the Annual General Meeting held on June 28, 2024. As per the mandate, the company is authorized to repurchase up to 110,150,569 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 constitutional documents and the laws of the jurisdiction in which the Company is incorporated or otherwise established. The authority shall expire at the earliest of the next Annual General Meeting, the date on which the next Annual General Meeting is required to be held or the date on which the authority is varied or revoked in a General Meeting. As of June 28, 2024, the company had 11,108,002,693 shares in issue among which 6,497,000 Shares are repurchased Shares pending cancellation.