ESR Cayman Limited (SEHK:1821) commences share repurchases on August 24, 2021, under the program mandated by the shareholders in the Annual General Meeting held on June 2, 2021. As per the mandate, the company is authorized to repurchase up to 306,004,506 shares, representing 10% of its issued share capital. The repurchase program will be funded out of funds legally available for the purpose in accordance with the Articles, the Listing Rules and the applicable laws and regulations of the Cayman Islands. The repurchases will lead to an enhancement of the net assets of the company and/or its earnings per share for 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 varied, renewed or revoked in a General Meeting. As at June 2, 2021, the company had 3,060,045,062 shares in issue.