Hengan International Group Company Limited (SEHK:1044) commences share repurchases on July 15, 2021, under the program mandated by the shareholders in the Annual General Meeting held on May 17, 2021. As per the mandate, the company is authorized to repurchase up to 117,753,742 shares, representing 10% of its issued share capital. The repurchases will be made out of funds which are legally available for such purpose. The purpose of this repurchase program is to enhance the net asset value and/or the earnings per share of 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 carried out to the full extent, unless varied or revoked in a General Meeting. As of May 17, 2021, the company had 1,177,537,417 shares in issue.