Sinosoft Technology Group Limited commences an Equity Buyback Plan for 123,870,960 shares, representing 10% of its issued share capital under the authorization approved on June 10, 2017.

Sinosoft Technology Group Limited (SEHK:1297) commences share repurchases on April 4, 2018 under the program mandated by the shareholders in the Annual General Meeting held on June 10, 2017. As per the mandate, the company is authorized to repurchase up to 123,870,960 shares, representing 10% of its issued shares capital. The purpose of the buyback is to enhance the Net Asset Value (NAV) of the shares and the Earning Per Share (EPS). The buyback will be funded out of profits and/or share premium of the company and/or fresh issue of shares. The repurchase program will be valid up to the next Annual General Meeting of the company unless otherwise revoked or varied by the company. As on April 26, 2017, the company had 1,238,709,600 shares in issue.