Tianli Education International Holdings Limited commences an Equity Buyback Plan for 216,600,000 shares, representing 10% of its issued share capital, under the authorization approved on October 13, 2021.

Tianli Education International Holdings Limited (SEHK:1773) commences share repurchases on March 4, 2022, under the program mandated by the shareholders in the Annual General Meeting held on October 13, 2021. As per the mandate, the company is authorized to repurchase up to 216,600,000 shares, representing 10% of its issued share capital. The repurchases will lead to an enhancement of the net asset value and/or earnings per share for the company.

The repurchases will be made from funds legally available for the purpose in accordance with the Articles and the applicable laws of the Cayman Islands and the Listing Rules. The authority will expire at the earliest of 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 by the Articles of Association of the company or any applicable law of the Cayman Islands to be held or he date on which such mandate is revoked or varied by an ordinary resolution of the shareholders in general meeting.