IntelliCentrics Global Holdings Ltd. commences an Equity Buyback Plan for 45,495,215 shares, representing 10% of its issued share capital, under the authorization approved on December 10, 2021.

IntelliCentrics Global Holdings Ltd. (SEHK:6819) commences share repurchases on December 10, 2021, under the program mandated by the shareholders in the Annual General Meeting held on December 10, 2021. As per the mandate, the company is authorized to repurchase up to 45,495,215 representing 10% of its issued share capital. The repurchases will lead to an enhancement of the net asset value and/or earnings per share for the company.

The repurchases will be funded out of funds legally available for such purpose in accordance with the Articles of Association and the applicable laws of the Cayman Islands. 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 December 10, 2021, the company had 454,952,155 shares in issue.