RaffAello-Astrum Financial Holdings Limited commences an Equity Buyback plan for 119,300,000 shares, representing 10% of its issued share capital, under the authorization approved on June 17, 2022.

RaffAello-Astrum Financial Holdings Limited (SEHK:8333) commences share repurchases on September 7, 2022, under the program mandated by the shareholders in the Annual General Meeting held on June 17, 2022. As per the mandate, the company is authorized to repurchase up to 119,300,000 shares, representing 10% of its issued share capital. The repurchases will lead to an enhancement of the net asset value and/or earnings per share for the company.

Shares under the Repurchase Mandate will be financed from the CompanyÆs internal resources. 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 June 17, 2022, the company had 1,193,000,000 shares in issue.