CK Asset Holdings Limited (SEHK:1113) commences share repurchases on June 15, 2021, under the program mandated by the shareholders in the Annual General Meeting held on May 13, 2021. As per the mandate, the company is authorized to repurchase up to 369,340,050 shares representing 10% of its issued share capital. Any repurchase will be made out of funds which are legally available for the purpose in accordance with the memorandum of association and bye-laws of the company and the Companies Act. The purpose of the program is to enhance the net asset value and/or earnings per share of the company. 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 carried out to the full extent, unless varied or revoked in a General Meeting. As of May 13, 2021, the company had 3,693,400,500 shares in issue.