China Gas Holdings Limited (SEHK:384) commences share repurchases on August 18, 2021, under the program mandated by the shareholders in the Annual General Meeting held on August 18, 2021. As per the mandate, the company is authorized to repurchase up to 558,329,697 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 Bye-laws and the applicable laws and regulations of Bermuda. 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 August 18, 2021, the company had 5,583,296,972 shares in issue.