Netjoy Holdings Limited (SEHK:2131) commences share repurchases on August 26, 2021, under the program mandated by the shareholders in the Annual General Meeting held on May 31, 2021. As per the mandate, the company is authorized to repurchase up to 80,000,000 shares, representing 10% of its issued share capital. The purpose of repurchase program is to enhancement of the net assets and earning per share. The repurchases will be made out of the funds legally available for such purpose in accordance with its memorandum of association and the articles, the listing rules and the applicable laws. 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 May 31, 2021, the company had 800,000,000 shares in issue.