Chuang's China Investments Ltd. (SEHK:298) commences share repurchases on December 22, 2021, under the program mandated by the shareholders in the Annual General Meeting held on September 10, 2021. As per the mandate, the company is authorized to repurchase up to 234,883,532 shares representing 10% of the issued share capital of the company. Repurchases will only be made out of funds which are legally available for such purpose in accordance with the memorandum of association of the Company, the Bye-laws and the laws of Bermuda. The purpose of this repurchase program is to enhance the net asset value and/or the earnings per share of the company. 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 September 10, 2021, the company had 2,348,835,316 shares in issue.