Springland International Holdings Limited commences an Equity Buyback Plan for 220,000,000 shares, representing 10% of the issued share capital, under the authorization approved on May 25, 2018.

Springland International Holdings Limited (SEHK:1700) commences share repurchases on May 25, 2018 under the program mandated by the shareholders in the Annual General Meeting held on May 25, 2018. As per the mandate, the company is authorized to repurchase up to 220,000,000 shares, representing 10% of its issued share capital. The purpose of repurchase program is enhancement of the company's net assets and/or its earnings per share and/or dividend per share as well as it would be beneficial to the shareholders who retain their investment in the company since their proportionate interest in the assets would increase as a result of such repurchases. The company will repurchase its shares from the internal resources. 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 April 18, 2018, the company had 2,200,000,000 shares in issue.