Beijing Enterprises Holdings Limited commences an Equity Buyback for 126,020,327 shares, representing 10% of its issued share capital, under the authorization approved on June 16, 2023.

Beijing Enterprises Holdings Limited (SEHK:392) commences share repurchases on January 22, 2024, under the program mandated by the shareholders in the Annual General Meeting held on June 16, 2023. As per the mandate, the company is authorized to repurchase up to 126,020,327 shares, representing 10% of its issued share capital. The repurchases will lead to an enhancement of the net asset value per share and/or earnings per share for the company.

The repurchases will be made out of the funds legally available for such purpose in accordance with its memorandum of association and the Companies Ordinance. 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 16, 2023, the company had 1,260,203,268 shares in issue.