Tianli International Holdings Limited commences an Equity Buyback Plan for 215,400,000 shares, representing 10% of its issued share capital, under the authorization approved on December 30, 2022.

Tianli International Holdings Limited (SEHK:1773) commences share repurchases on July 27, 2023, under the program mandated by the shareholders in the Annual General Meeting held on December 30, 2022. As per the mandate, the company is authorized to repurchase up to 215,400,000 shares, representing 10% of its issued share capital. The repurchases will lead to an enhancement of the net asset value per share and/or earnings per share for the company. The repurchases will be made out of the funds legally available for such purpose in accordance with its memorandum of association and Bye-laws and the applicable laws and regulations of Cayman Islands and the Listing Rules. 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 December 30, 2022, the company had 2,154,000,000 shares in issue.

On July 20, 2023, the company announced a share repurchase program. Under the program, the company will repurchase HKD 200 million worth of shares. The company will subsequently cancel the bought shares.