AIA Group Limited (SEHK:1299) announces a share repurchase program. Under the program, the company will repurchase up to $10,000 million worth of its shares. The purpose of the program is allowing for capital market stress conditions and retention of capital for strategic and financial flexibility, enhancing returns to Shareholders while retaining the financial strength that allows AIA to continue investing in the significant growth opportunities available to it.

The program will be funded from the available capital and cash reserves of AIA group. The shares bought back will be cancelled. The program is valid for 3 years.