Chow Tai Fook Jewellery Group Limited commences an Equity Buyback Plan for 1,000,000,000 shares, representing 10% of its issued share capital, under the authorization approved on July 7, 2023.

Chow Tai Fook Jewellery Group Limited (SEHK:1929) commences share repurchases on November 27, 2023, under the program mandated by the shareholders in the Annual General Meeting held on July 7, 2023. As per the mandate, the company is authorized to repurchase up to 1,000,000,000 shares, representing 10% of its issued share capital. The repurchases will lead to an enhancement of the net asset value per share and/or distribution per share for the company.

The repurchases will be made out of the funds legally available for the purpose in accordance with the Articles of Association and the Cayman Companies Act. 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 July 7, 2023, the company had 10,000,000,000 shares in issue.