Man King Holdings Limited (SEHK:2193) commences share repurchases on July 10, 2024, under the program mandated by the shareholders in the Annual General Meeting held on August 28, 2023. As per the mandate, the company is authorized to repurchase 41,981,800 shares, representing 10% of its issued share capital. The repurchases will lead to an enhancement of the net asset value of the company and/or its earnings per share.

The program will be funded out of the funds legally available for the purpose of making the buy-backs in accordance with the company?s Memorandum and Articles of Association and the applicable laws of the Cayman Islands. The program will valid until the conclusion of the next Annual General Meeting of the company or the expiration of the period within which the next Annual General Meeting of the company is required either by any applicable laws or by the Articles of Association of the company to be held or the date upon which the authority set out in this resolution is revoked or varied by way of an ordinary resolution of the shareholders of the company in General Meeting. As of August 28, 2023, the company had 419,818,000 shares in issue.