Inke Limited (SEHK:3700) commences share repurchases on July 5, 2021, under the program mandated by the shareholders in the Annual General Meeting held on June 29, 2021. As per the mandate, the company is authorized to repurchase up to 200,695,600 shares, representing 10% of its issued share capital. The purpose of the program is to enhance the net asset value per share and/or earnings per share. The repurchases will be made out of the funds legally available for the purpose in accordance with the articles of association, the applicable laws of the Cayman Islands, and the Hong Kong Listing Rules. 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 29, 2021, the company has 2,006,956,000 shares in issue.