Fu Shou Yuan International Group Limited commences an Equity Buyback Plan for 232,036,642 shares, representing 10% of its issued share capital, under the authorization approved on May 25, 2022.

Fu Shou Yuan International Group Limited (SEHK:1448) commences share repurchases on September 22, 2022, under the program mandated by the shareholders in the Annual General Meeting held on May 25, 2022. As per the mandate, the company is authorized to repurchase up to 232,036,642 shares, representing 10% of its issued share capital. 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 the Cayman Companies Law. 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 at May 25, 2022, the company had 2,320,366,422 shares in issue.