China Electronics Optics Valley Union Holding Company Limited (SEHK:798) commences share repurchases on October 3, 2023, under the program mandated by the shareholders in the Annual General Meeting held on June 15, 2023. As per the mandate, the company is authorized to repurchase up to 757,435,200 shares, representing 10% of its issued share capital. The repurchases will lead to an enhancement of the net asset value per share and/or its earnings per share.

The company may only apply funds legally available for such purpose in accordance with its Articles of Association, the laws of the Cayman Islands and/or any other applicable laws, as the case may be. The share repurchase program shall be valid until the earliest of the conclusion of the next Annual General Meeting of the company, or the expiration of the period within which the next Annual General Meeting of the company is required by the Articles of Association of the company or other applicable laws to be held or the date on which the authority set out in the resolution is revoked or varied by an ordinary resolution of the shareholders in General Meeting. As of June 15, 2023, the company has 7,574,352,000 shares in issue.