L'Occitane International S.A. (SEHK:973) commences share repurchases on September 20, 2021, under the program mandated by the shareholders in the Annual General Meeting held on September 30, 2020. As per the mandate, the company will repurchase up to 147,696,489 shares, representing 10% of its issued share capital. The shares will be repurchased within a price range of HK$8 and HK$30 per share. Any repurchase will be made out of funds which are legally available for the purpose in accordance with the constitutive documents and the laws of the jurisdiction in which the company is incorporated or otherwise established. 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 September 30, 2020, the company had 1,476,964,891 shares in issue and 15,232,370 shares in its treasury.