Yorkey Optical International (Cayman) Ltd. (SEHK:2788) commences share repurchases on August 11, 2021, under the program mandated by the shareholders in the Annual General Meeting held on June 23, 2021. As per the mandate, the company is authorized to repurchase up to 81,790,000 shares, representing 10% of its issued share capital. The purpose of repurchase program is to enhance the net asset value of company and earning per share. The repurchases will be made out of the funds from cash flow or working capital facilities available to the company legally available for such purpose in accordance with its Bye-Laws 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 carried out to the full extent, unless varied or revoked in a General Meeting. As of June 23, 2021, the company had 817,900,000 shares in issue.