Hong Kong Shanghai Alliance Holdings Limited (SEHK:1001) commences share repurchases on September 9, 2021, under the program mandated by the shareholders in the Annual General Meeting held on August 11, 2021. As per the mandate, the company is authorized to repurchase up to 64,123,232 shares, representing 10% of its issued share capital. The repurchases will be made out of funds which are legally available for such purpose in accordance with laws of Bermuda and Bye-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 August 11, 2021, the company had 641,232,315 shares in issue.