Chew's Group Limited (Catalist:5SY) announces a share repurchase program. Under the program, the company will repurchase up to 10% of the issued ordinary share capital. The repurchases will made on market repurchases or through off-market purchase effected otherwise than on the SGX-ST in accordance with any equal access scheme.

In case of on market repurchases, the maximum price that will be paid by the company for repurchases will be 5% above the average of the closing market prices of the shares over the five market days on which transactions in the shares were recorded before the day on which the market purchase was made by the company and deemed to be adjusted for any corporate action that occurs after the relevant 5 day period. While in case of off-market repurchases, the maximum price that will be paid by the company for repurchases will be 15% above the average of the closing market prices of the shares over the 5 market days on which transactions in the shares were recorded before the day on which the company makes an announcement of an offer under the off-market purchase scheme stating the purchase price (which shall not be more than the maximum price calculated on the foregoing basis) for each share and the relevant terms of the equal access scheme for effecting the off-market purchase, and deemed to be adjusted for any corporate action that occurs after the relevant 5 day period. The repurchases will be pursuant to sections 76C and 76E of the Companies Act.

The share buyback program shall expire at the earliest of the date on which the next Annual General Meeting of the company is held or is required to be held, the date on which the share buy-backs are carried out to the full extent mandated or the date on which the authority contained in the share repurchase mandate is varied or revoked.