E-Commodities Holdings Limited (SEHK:1733) commences share repurchases on October 8, 2021, under the program mandated by the shareholders in the Annual General Meeting held on June 3, 2021. As per the mandate, the company is authorized to repurchase up to 302,688,235 shares, representing 10% of its issued share capital. The purpose of the program is to enhance the net asset value per share and/or earnings per share. The repurchases will be made out of the funds legally available for such purpose in accordance with the Memorandum of Association and Articles of Association and the applicable laws and regulations of the British Virgin 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 June 3, 2021, the company had 3,026,882,356 shares in issue.