3SBio Inc. commences an Equity Buyback for 243,892,041 shares, representing 10% of its issued share capital, under the authorization approved on June 20, 2023.

3SBio Inc. (SEHK:1530) commences share repurchases on March 27, 2024, under the program mandated by the shareholders in the Annual General Meeting held on June 20, 2023. As per the mandate, the company is authorized to repurchase up to 243,892,041 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 Articles of Association and the applicable laws of the Cayman Islands. 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 20, 2023, the company held 2,438,920,412 shares in issue.