Chigo Holding Limited (SEHK:449) announces a share repurchase program. Under the program, the company will repurchase up to 843,417,800 shares, representing 10% of its issued share capital. The company may only apply funds legally available for such purpose in accordance with its memorandum of association and Articles and the applicable laws of the Cayman Islands.

A listed company may not repurchase its own shares on the Stock Exchange for a consideration other than cash or for settlement otherwise than in accordance with the trading rules of the Stock Exchange from time to time. The purpose of this repurchase program is to enhance the net asset value and/or the earnings per share of the company. This program will be valid until the earliest of the conclusion of the next Annual General Meeting, or the expiration of the period within which the next Annual General Meeting of the company is required by its bye-laws to be held or the passing of an ordinary resolution by its shareholders in general meeting revoking or varying the authority given to its directors by this resolution.

As of May 27, 2013, the company has 8,434,178,000 shares outstanding.