Tian Ge Interactive Holdings Limited (SEHK:1980) commences share repurchases on April 9, 2021, under the program mandated by the shareholders in the Annual General Meeting held on June 18, 2020. As per the mandate, the company is authorized to repurchase up to 127,522,716 shares, representing 10% of its issued share capital. The purpose for the buyback is to enhance the net asset value per share and/or earnings per share. The repurchases will be funded from the company’s funds which are legally available for such purpose in accordance with its memorandum and articles of association and the applicable laws of Cayman Islands. 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 June 18, 2020, the company had 1,275,227,162 shares in issue.