Capital Industrial Financial Services Group Limited commences an Equity Buyback Plan for 398,463,970 shares, representing 10% of its issued share capital, under the authorization approved on May 22, 2023.

Capital Industrial Financial Services Group Limited (SEHK:730) commences share repurchases on December 14, 2023, under the program mandated by the shareholders in the Annual General Meeting held on May 22, 2023. Under the program, the company will repurchase up to 398,463,970 shares, representing 10% of its issued share capital. The repurchases will be made out of funds which are legally available for the purpose in accordance with bye laws of the company and the applicable laws of Bermuda.

The repurchases will lead to an enhancement of the net assets and/or its earnings per share. 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 May 22, 2023, the company had 3,984,639,703 shares in issue.