Paliburg Holdings Ltd. (SEHK:617) commences share repurchases on June 27, 2014 under the program mandated by the shareholders in the Annual General Meeting held on June 3, 2014. As per the mandate, the company is authorized to repurchase up to 111,502,547 shares, representing 10% of its issued capital. Repurchase will only be made out of funds which are legally available for such purpose in accordance with the memorandum of association of the Company, the Bye-laws and the laws of Bermuda.

The purpose of this repurchase program is to enhance the net asset value and/or the earnings per share of the company. The directors believe that it is in the best interests of the company and its shareholders. The shares will be repurchased in accordance with all applicable laws and the relevant requirements of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited, be and is hereby generally and unconditionally approved.

The share repurchase program will expire on the conclusion of the next Annual General Meeting, or the expiration of the period within which the next Annual General Meeting of the company is required by the bye-laws of company to be held or the passing of an ordinary resolution by the shareholders of the company in general meeting revoking or varying the authority given to the directors of the company by this resolution, whichever is earlier. As of June 3, 2014, the company has 1,115,025,474 shares under issue.