Xinyi Glass Holdings Limited (SEHK:868) commences share repurchases on August 4, 2021, under the program mandated by the shareholders in the Annual General Meeting held on May 28, 2021. As per the mandate, the company is authorized to repurchase up to 405,105,155 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 such purpose in accordance with its memorandum of association, the Articles, the Listing Rules and the Companies Law. 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 28, 2021, the company had 4,051,051,547 shares in issue.