Pop Mart International Group Limited (SEHK:9992) commences share repurchases on May 18, 2023, under the program mandated by the shareholders in the Annual General Meeting held on May 17, 2023. As per the mandate, the company is authorized to repurchase up to 136,759,015 shares, representing 10% of its issued share capital. The repurchases will lead to an enhancement of the net asset value and/or earnings per share for the company.

The repurchases must be funded out of funds legally available for such purpose in accordance with the Articles of Association and the applicable laws of the Cayman Islands. The authority will expire on the earlier of the conclusion or the expiry of the period the next annual general meeting of the company or the passing of an ordinary resolution by shareholders in general meeting of the company revoking or varying such mandate. As of May 17, 2023, the company has 1,367,590,150 shares in issue.