Greentown Service Group Co. Ltd. commences an Equity Buyback Plan for 324,736,612 shares, representing 10% of its issued share capital, under the authorization approved on September 5, 2022.

Greentown Service Group Co. Ltd. (SEHK:2869) commences share repurchases on September 5, 2022 under the program mandated by the shareholders in the Annual General Meeting held on June 17, 2022. As per the mandate, the company is authorized to repurchase up to 324,736,612 shares, representing 10% of its issued share capital.

The repurchases will be made out of the funds legally available for such purpose in accordance with its Bye-Laws and the applicable laws of 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 carried out to the full extent, unless varied or revoked in a General Meeting. As of June 17, 2022, the company had 3,247,366,127 shares in issue.