Flat Glass Group Co., Ltd. (SEHK:6865) commences share repurchases on January 22, 2024, under the program mandated by shareholders in the Extraordinary General Meeting held on December 4, 2023. As per the mandate, the company is authorized to repurchase up to 45,000,000 shares, representing 10% of its issued H shares. The repurchases will result in an increase in the net asset value and/or earnings per share.

The repurchase program will be funded out of funds legally available for the purpose in accordance with the Articles of Association and other applicable laws. The authority shall expire at the earliest of the next Annual General Meeting to be held in respect of the financial year ending 31 December 2023 or the date on which the authority is varied or revoked in a General Meeting. As at December 4, 2023, the company has 2,351,324,235 shares in issue comprising of 1,901,324,235 A shares and 450,000,000 H shares.