Sun Hung Kai & Co. Limited (SEHK:86) commences share repurchases on June 18, 2021, under the program mandated by the shareholders in the Annual General Meeting held on May 25, 2021. As per the mandate, the company is authorized to repurchase up to 198,239,449 shares, representing 10% of its issued share capital. The repurchases will lead to an enhancement of the net asset value and/or earnings per share for the company. The repurchases will be made out of funds legally available for such purpose in accordance with the Articles of Association, the Listing Rules, the Companies Ordinance and other applicable laws of Hong Kong. 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 May 25, 2021, the company had 1,982,394,493 shares in issue.