Kindstar Global (Beijing) Technology, Inc. (SEHK:9960) commences share repurchases on November 10, 2021, under the program mandated by the shareholders in the Annual General Meeting held on June 22, 2021. As per the mandate, the company is authorized to repurchase up to 521,856,297 shares, representing 10% of its issued share capital in issue immediately following the completion of the Global Offering (excluding any Shares which may be issued under the Over-allotment Option, any additional Shares to be issued pursuant to the Pre-IPO Stock Incentive Plans or any Shares to be issued pursuant to the Post-IPO Share Schemes). 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 memorandum of association and Bye-laws and the applicable laws and regulations of Cayman Islands. The repurchased shares will be cancelled. 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 30, 2021, the company had 36,340,842 shares in issue and on July 14, 2021, after completion of the IPO, the company had 226,405,000 Shares newly issued thereby making the total issued shares to 262,745,842 shares.