Wenzhou Kangning Hospital Co., Ltd. commences an Equity Buyback Plan for 1,934,030 shares, representing 2.59% of its issued share capital, under the authorization approved on May 30, 2024.

Wenzhou Kangning Hospital Co., Ltd. (SEHK:2120) commences share repurchases on July 10, 2024, under the program mandated by the shareholders in the Annual General Meeting held on May 30, 2024. As per the mandate, the company is authorized to repurchase up to 1,934,030 H shares, representing 2.59% of its issued share capital. The repurchases will lead to an enhancement of the net asset value per share and/or earnings per share for the company.

The repurchases will be made out of the funds legally available in accordance with the Articles of Association and the applicable PRC laws, statutes and regulations. 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 May 30, 2024, the company had 74,600,300 shares, including 55,260,000 Domestic shares and 19,340,300 H shares are in issue.