VinaCapital Vietnam Opportunity Fund Limited commences share repurchases on January 13, 2017, under the program mandated by the shareholders in the Annual General Meeting held on December 21, 2016. As per the mandate, the company is authorized to repurchase up to 14.99% of its issued share capital. The minimum price which may be paid for a ordinary share is US$0.01 and the maximum price which may be paid will not exceed the higher of 5% above the average of the middle market quotations (as derived from the Official List) for the 5 consecutive dealing days ending on the dealing day immediately preceding the date on which the purchase is made and the higher of the price quoted for the last independent trade and the highest current independent bid. Any ordinary shares purchased may be cancelled or held in treasury. This authority shall expire at the conclusion of the company’s next Annual General Meeting, or, if earlier, on March 21, 2018, unless previously renewed, revoked or varied by the company by ordinary resolution.