Hong Kong Shanghai Alliance Holdings Limited commences an Equity Buyback Plan for 64,041,431 shares, representing 10% of its issued share capital, under the authorization approved on August 18, 2023.

Hong Kong Shanghai Alliance Holdings Limited (SEHK:1001) commences share repurchases on February 20, 2024, under the program mandated by the shareholders in the Annual General Meeting held on August 18, 2023. As per the mandate, the company is authorized to repurchase up to 64,041,431 shares, representing 10% of its issued share capital. The repurchases will result in an increase in the net asset value and/or earnings per share.

The repurchase program will be funded out of funds legally available for the purpose in accordance with the Bye-laws, and any other applicable laws of Bermuda. 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 August 18, 2023, the company has 640,414,315 shares in issue.