Kimou Environmental Holding Limited commences an Equity Buyback for 111,858,800 shares, representing 10% of its issued share capital, under the authorization approved on May 27, 2022.

Kimou Environmental Holding Limited (SEHK:6805) commences share repurchases on June 14, 2022, under the program mandated by the shareholders in the Annual General Meeting held on May 27, 2022. As per the mandate, the company is authorized to repurchase up to 111,858,800?? 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 Memorandum and Articles of Association, the Listing Rules and the applicable laws and regulations 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 at May 27, 2022, the company has 1,118,588,000 shares in issue.