Jolimark Holdings Limited (SEHK:2028) commences share repurchases on January 15, 2018 under the program mandated by the shareholders in the Annual General Meeting held on May 19, 2017. As per the mandate, the company is authorized to repurchase up to 65,702,350 shares, representing 10% of the issued share capital. The purpose of this repurchase program is to enhance the net asset value and/or the earnings per share of the company. The repurchased shares will be paid from funds which are legally available for the purpose in Memorandum and Articles of Association of the company, the Listing Rules and the applicable laws of the Cayman Islands. The repurchased shares will be cancelled. The share repurchase program will be valid until the earliest of the conclusion of the next Annual General Meeting or the expiration of the period within which the next Annual General Meeting of the company is required by the articles of association of the company or any applicable laws to be held or the date on which the authority set out in this resolution is revoked or varied by an ordinary resolution in General Meeting of the company. As of May 19, 2017, the company had 657,023,500 shares in issue.