CIFI Ever Sunshine Services Group Limited commences an Equity Buyback for 174,922,000 shares, representing 10% of its issued share capital, under the authorization approved on November 20, 2023.

CIFI Ever Sunshine Services Group Limited (SEHK:1995) commences share repurchases on November 22, 2023, under the program mandated by the shareholders in the Annual General Meeting held on November 20, 2023. As per the mandate, the company is authorized to repurchase up to 174,922,000 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 financed out of funds legally available for such purpose in accordance with its Articles of Association and applicable laws of the Cayman Islands. 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 November 20, 2023, the company has 1,749,220,000 shares in issue.