Pujiang International Group Limited commences an Equity Buyback Plan for 81,104,400 shares, representing 10% of its issued share capital, under the authorization approved on June 21, 2022.

Pujiang International Group Limited (SEHK:2060) commences share repurchases on December 22, 2022, under the program mandated by the shareholders in the Shareholder's Meeting held on June 21, 2022. As per the mandate, the company is authorized to repurchase 81,104,400 shares, representing up to 10% of 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 the constitution and the applicable laws of Cayman Islands or any other applicable laws. 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 21 2022, the company had 811,044,000 shares in issue.