Yeebo (International Holdings) Limited (SEHK:259) commences share repurchases on September 22, 2023, under the program mandated by the shareholders in the Annual General Meeting held on September 21, 2023. As per the mandate, the company is authorized to repurchase up to 98,668,117 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 Bermuda. 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 September 21, 2023, the company had 960,114,000 shares in issue.