Allied Properties (H.K.) Limited (SEHK:56) commences share repurchases on January 14, 2016, under the program mandated by the shareholders in the Annual General Meeting held on June 4, 2015. As per the mandate, the company is authorized to repurchase up to 680,242,794 shares, representing 10% of its issued share capital. Any repurchase will be made out of funds which are legally available for the purpose in accordance with the memorandum of association and bye-laws of the company and the Companies Act.

The repurchases will be in accordance with laws and requirements and regulations of the Stock Exchange of Hong Kong Limited or on any other stock exchange on which the shares of the company may be listed and recognized by the Securities and Futures Commission and the Stock Exchange of Hong Kong Limited for this purpose, subject to and in accordance with all applicable laws and requirements of the Securities and Futures Commission, the Stock Exchange of Hong Kong Limited or any other stock exchange as amended from time to time. The purpose of this repurchase program is to enhance the net asset value and/or the earnings per share of the company. This program will 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 its bye-laws to be held or the passing of an ordinary resolution by its shareholders in general meeting revoking or varying the authority given to its directors by the resolution.

As of June 4, 2015, the company has 6,802,427,948 shares in issue.