S E A Holdings Limited commences an Equity Buyback Plan for 64,223,872 shares, representing 10% of its issued share capital, under the authorization approved on May 28, 2021.

S E A Holdings Limited (SEHK:251) commences share repurchases on May 31, 2021, under the program mandated by the shareholders in the Annual General Meeting held on May 28, 2021. As per the mandate, the company is authorized to repurchase up to 64,223,872 shares, representing 10% of its issued share capital. The purpose of the program is to enhance 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 of Association and Bye-laws and the laws of Bermuda. 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 May 28, 2021, the company had 642,238,726 shares in issue.