SenseTime Group Inc. (SEHK:20) commences share repurchases on July 19, 2022, under the program mandated by the shareholders in the Annual General Meeting held on June 24, 2022. As per the mandate, the company is authorized to repurchase up to 3,350,740,000 shares, representing 10% of its issued share capital. The repurchases will result in an increase in the net asset value and/or earnings per share.

The repurchase program will be funded out of funds legally available for the purpose in accordance with the Memorandum and Articles of Association, the Listing Rules, the applicable 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 at June 24, 2022, the company has 33,507,400,000 shares in issue which consisted of 7,528,760,000 Class A shares and 25,978,640,000 Class B shares.