Cogobuy Group commences an Equity Buyback for 141,013,973 shares, representing 10% of its issued share capital, under the authorization approved on June 10, 2022.

Cogobuy Group (SEHK:400) commences share repurchases on June 13, 2022, under the program mandated by the shareholders in the Annual General Meeting held on June 10, 2022. As per the mandate, the company is authorized to repurchase up to 141,013,973 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 Articles of Association, the laws of the Cayman Islands and/or any other applicable laws. 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 at June 10, 2022, the company has 1,410,139,732 shares in issue.