Kasen International Holdings Limited (SEHK:496) commences share repurchases on October 24, 2022, under the program mandated by the shareholders in the Annual General Meeting held on May 31, 2022. As per the mandate, the company is authorized to repurchase up to 149,363,688 shares, representing 10% of its issued share capital. The repurchases will lead to an enhancement of the net asset value per share and/or earnings per share for the company.

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 program shall 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 or any applicable laws to be held or the revocation, variation or renewal of the repurchase mandate by ordinary resolution of the shareholders in General Meeting. As of May 31, 2022, the company had 1,493,636,881 shares in issue.