Linklogis Inc. (SEHK:9959) commences share repurchases on July 23, 2021, under the program mandated by the shareholders in the Annual General Meeting held on March 22, 2021. As per the mandate, the company is authorized to repurchase up to 10% of its issued capital. The purpose of repurchase program is to enhance the net assets and/or its earnings per share. The repurchases will be made out of the funds legally available for such purpose in accordance with its company’s ordinance. 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 carried out to the full extent, unless varied or revoked in a General Meeting. As of March 22, 2021, the company had 2,264,393,448 shares in issue. On July 22, 2021, the company announced a share repurchase program. Under the program, the company will repurchase up to HKD 100 million worth of its shares. The company will finance its program with existing available cash reserves and free cash flow.