Jiumaojiu International Holdings Limited commences an Equity Buyback Plan for 145,451,170 shares, representing 10% of its issued share capital, under the authorization approved on June 2, 2023.

Jiumaojiu International Holdings Limited (SEHK:9922) commences share repurchases on November 9, 2023, under the program mandated by the shareholders in the Annual General Meeting held on June 2, 2023. As per the mandate, the company is authorized to repurchase up to 145,451,170 shares, representing 10% of its issued share capital. The purpose of repurchase program is to enhance the net assets and/or its earnings per share. The repurchases will be made out of the funds legally available for such purpose in accordance with the memorandum of association of the Company and the Articles of Association, the Listing Rules, the laws of the Cayman Islands and/or any other applicable laws. 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 carried out to the full extent, unless varied or revoked in a General Meeting. As of June 2, 2023, the company had 1,454,511,700 shares in issue.

On November 2, 2023, the company announced a share repurchase program. Under the program, the company will repurchase up to HKD 150 million worth of its shares.