Stella International Holdings Limited (SEHK:1836) commences share repurchases on June 1, 2021, under the program mandated by the shareholders in the Annual General Meeting held on May 13, 2021. As per the mandate, the company is authorized to repurchase up to 79,413,450 shares, representing 10% of its issued share capital. The purpose of repurchase program is to enhancement of the net assets and/or earning per share. The repurchases will be made out of funds legally available for the purpose in accordance with the company’s memorandum of association, the articles of association, the companies act, other applicable laws of the Cayman Islands and the listing rules. 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 carried out to the full extent, unless varied or revoked in a General Meeting. As of May 13, 2021, the company had 794,134,500 shares in issue.