DYNAM JAPAN HOLDINGS Co., Ltd. (SEHK:6889) commences share repurchases on June 23, 2022, under the program mandated by the shareholders in the Annual General Meeting held on June 23, 2022. As per the mandate, the company is authorized to repurchase up to 72,256,549 shares, representing 10% of its issued share capital. The repurchase price shall not be higher than 5% or more than the average closing market price for the 5 preceding trading days on which the shares were traded on the stock exchange.

The purpose of repurchase program is to enhancement of the net assets and earning per share. The repurchases will be made out of the funds legally available for such purpose in accordance with its articles and the applicable laws of Japan. 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 June 23, 2022, the company had 722,565,496 shares in issue.