Weimob Inc. commences an Equity Buyback Plan for 253,367,749 shares, representing 10% of its issued share capital, under the authorization approved on June 29, 2022.

Weimob Inc. (SEHK:2013) commences share repurchases on October 7, 2022, under the program mandated by the shareholders in the Annual General Meeting held on June 29, 2022. As per the mandate, the company is authorized to repurchase up to 253,367,749 shares, representing 10% of its issued share capital. The repurchases will result in an increase in the net asset value and/or earnings per share.

The repurchase program will be funded out of funds legally available for the purpose in accordance with the applicable laws and regulations of the Cayman Islands, the Articles of Association 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 at June 29, 2022, the company had 2,533,677,490 shares in issue.