Oshidori International Holdings Limited commences an Equity Buyback for 618,425,913 shares, representing 10% of its issued share capital, under the authorization approved on June 13, 2024.

Oshidori International Holdings Limited (SEHK:622) commences share repurchases on June 25, 2024, under the program mandated by the shareholders in the Annual General Meeting held on June 13, 2024. As per the mandate, the company is authorized to repurchase up to 618,425,913 shares, representing 10% of its issued share capital. The repurchases will lead to an enhancement of the net asset value and/or earnings per share for the company.

The repurchases will be financed out of funds legally available for such purpose in accordance with the Memorandum of Association and the Bye-laws and the applicable laws of Bermuda. 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 13, 2024, the company has 6,184,259,139 shares in issue.