Sunlight Real Estate Investment Trust commences an Equity Buyback Plan for 170,368,496 shares, representing 10% of its issued share capital, under the authorization approved on November 14, 2023.

Sunlight Real Estate Investment Trust (SEHK:435) commences share repurchases on November 27, 2023, under the program mandated by the shareholders in the Annual General Meeting held on November 14, 2023. As per the mandate, the company is authorized to repurchase up to 170,368,496 shares, representing 10% of its issued share capital. The repurchases will lead to an enhancement of the net asset value per unit and/or distribution per unit for the company.

The repurchases will be made out of available cash flow or working capital and the funds legally available for such purpose in accordance with the trust deed and the 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 November 14, 2023, the company had 1,703,684,957 shares in issue.