Sunlight REIT (SEHK:435) commences share repurchases on December 8, 2017, under the program mandated by the shareholders in the Annual General Meeting held on October 27, 2017. As per the mandate, the company is authorized to repurchase up to 163,777,776 units, representing 10% of the aggregate number of units in issue. The repurchased units will be cancelled. The repurchases will be funded out of the company’s available cash flow or working capital. The repurchases may lead to an enhancement of the net asset value per unit and/or distribution per unit, and will only be made when the manager believes that such buy-backs will benefit the company and the unit holders as a whole. The repurchases will be subject to market conditions. The program shall be valid until the earliest of the conclusion of the next Annual General Meeting, or the expiration of the period within which the next Annual General Meeting of the company is required to be held under the trust deed or revocation or variation of the share repurchase program by an ordinary resolution. As of September 11, 2017, the company had 1,637,777,762 shares in issue.