Tenfu Holdings Company Limited commences an Equity Buyback Plan for 109,121,546 shares, representing 10% of its issued share capital, under the authorization approved on May 17, 2023.

Tenfu (Cayman) Holdings Company Limited (SEHK:6868) commences share repurchases on May 18, 2023, under the program mandated by the shareholders in the Annual General Meeting held on May 17, 2023. As per the mandate, the company is authorized to repurchase up to 109,121,546 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 financed out of funds legally available for the purpose and in accordance with the Articles of Association, the Listing Rules, the Companies Act and any other applicable laws. 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 17, 2023, the company has 1,091,215,460 shares in issue.