Helens International Holdings Company Limited commences an Equity Buyback Plan for 126,690,152 shares, representing 10% of its issued share capital, under the authorization approved on June 16, 2023.

Helens International Holdings Company Limited (SEHK:9869) commences share repurchases on October 26, 2023, under the program mandated by the shareholders in the Annual General Meeting held on June 16, 2023. As per the mandate, the company is authorized to repurchase up to 126,690,152 shares, representing 10% of its issued share capital. The repurchases will lead to an enhancement of the net asset value per share and/or earnings per share for the company.

The repurchases will be made out of the funds legally available for such purpose in accordance with its Articles of Association, the laws of the Cayman Islands and/or any other applicable laws. 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 16, 2023, the company had 1,266,901,524 shares in issue.