Fidelity China Special Situations PLC commences an Equity Buyback Plan, for 76,965,549 shares, representing 14.99% of its issued capital, under the authorization approved on July 20, 2022.

Fidelity China Special Situations PLC commences share repurchases on August 23, 2022, under the program mandated by the shareholders in the Annual General Meeting held on July 20, 2022. As per the mandate, the company is authorized to repurchase up to 76,965,549 shares, representing 14.99% of its issued capital. The minimum price which may be paid per ordinary share will be £0.01.

The maximum price which may be paid for any ordinary share is an amount equal to 105% of the average of the middle market quotations for a share taken from the London Stock Exchange Official List for the five business days immediately preceding the day on which the share is purchased. The share repurchase program will expire at the conclusion of the next Annual General Meeting, unless previously renewed, varied or revoked by the company in a general meeting. As of May 30, 2022, the company had 513,445,959 shares (excluding treasury shares) in issue including 57,608,521 shares held in treasury.