Starlite Holdings Limited commences an Equity Buyback for 51,463,528 shares, representing 10% of its issued share capital, under the authorization granted on August 18, 2022.

Starlite Holdings Limited commences share repurchases on September 2, 2022, under the program mandated by the shareholders in the Annual General Meeting held on August 18, 2022. As per the mandate, the company is authorized to repurchase up to 51,463,528 shares, representing 10% of the issued share capital. The repurchases will result in an increase in the earnings per share.

Repurchases made pursuant to the New Repurchase Mandate would be funded from the Company's available cash flow or working capital facilities legally available for the purpose in accordance with the Company's memorandum of association, the Byelaws, the applicable laws and regulations of Bermuda and other applicable laws. As at August 18, 2022, the company has 51,463,5288 shares in issue.