Evergreen Fibreboard Berhad (KLSE:EVERGRN) commences share repurchases on January 21, 2022, under the program mandated by the shareholders in the Annual General Meeting held on August 16, 2021. As per the mandate, the company is authorized to repurchase up to 10% of its issued share capital, such that the company's holding in treasury together with the shares repurchased does not exceed 10% of its issued share capital. The maximum fund to be allocated by the company for the purpose of purchasing the shares shall not exceed the aggregate of the retained profits and share premium account of the company.

the repurchased shares will be canceled, or retained in treasury, or partially cancelled and retained in treasury, or distributed as dividend to the shareholders or resold on Bursa Securities. 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.