China Risun Group Limited commences an Equity Buyback Plan for 443,800,000 shares, representing 10% of its issued share capital, under the authorization approved on May 27, 2022.

China Risun Group Limited (SEHK:1907) commences share repurchases on May 27, 2022, under the program mandated by the shareholders in the Annual General Meeting held on May 27, 2022. As per the mandate, the company is authorized to repurchase up to 443,800,000 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.

The repurchases will be funded out of the funds legally available for such purpose in accordance with the Articles, the laws of the Cayman Islands, the Listing Rules and/or any other applicable laws, as the case may be. 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 27, 2022, the company had 4,438,000,000 shares in issue.