Prosperous Future Holdings Limited commences an Equity Buyback Plan for 227,412,300 shares, representing 10% of its issued share capital, under the authorization approved on June 23, 2023.

Prosperous Future Holdings Limited (SEHK:1259) commences share repurchases on November 14, 2023, under the program mandated by shareholders in the Annual General Meeting held on June 23, 2023. As per the mandate, the company is authorized to repurchase up to 227,412,300 shares, representing 10% of its issued share capital. The repurchases will lead to an enhancement of the net asset value per share and/or earnings per share. The repurchases will be made out of the funds legally available for such purpose in accordance with its memorandum and articles of association, the laws of the Cayman Islands and/or any other 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 varied or revoked in a General Meeting. As of June 23, 2023, the company had 2,274,123,000 shares in issue.

On November 6, 2023, the company announced a share repurchase program. Under the program, the company will repurchase up to HKD 5 million worth of its shares. The program will be funded from the internal cash resources of the company.