Oi Wah Pawnshop Credit Holdings Limited commences an Equity Buyback Plan for 192,772,440 shares, representing 10% of its issued share capital, under the authorization approved on July 28, 2022.

Oi Wah Pawnshop Credit Holdings Limited (SEHK:1319) commences share repurchases on September 23, 2022, under the program mandated by the shareholders in the Annual General Meeting held on July 28, 2022. As per the mandate, the company is authorized to repurchase up to 192,772,440 shares, representing 10% of its issued share capital. The repurchase program will lead to an enhancement of net asset value per share and/or earnings per share.

The repurchases will be funded out of funds legally available for the purpose in accordance with the company's memorandum of association, the Articles of Association, the Listing Rules and the applicable laws of the Cayman Islands. 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 July 28, 2022, the company had 1,927,724,406 shares in issue.