Playmates Holdings Limited commences an Equity Buyback Plan for 207,000,000 shares, representing 10% of its issued share capital, under the authorization approved on May 19, 2023.

Playmates Holdings Limited (SEHK:635) commences share repurchases on February 6, 2024, under the program mandated by the shareholders in the Annual General Meeting held on May 19, 2023. As per the mandate, the company is authorized to repurchase up to 207,000,000 shares, representing 10% of its issued share capital. The repurchases will result in an increase in the earnings per share.

The repurchase program will be funded out of funds legally available for the purpose in accordance with the Bye-laws and the laws of the jurisdiction in which the company is incorporated. 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 May 19, 2023, the company had 2,070,000,000 shares in issue.