Coslight Technology International Group Limited commences an Equity Buyback Plan for 37,958,400 shares, representing 10% of its issued share capital, under the authorization approved on June 12, 2019.

Coslight Technology International Group Limited (SEHK:1043) commences share repurchases on June 12, 2019 under the program mandated by the shareholders in the Annual General Meeting held on June 12, 2019. As per the mandate, the company is authorized to repurchase up to 37,958,400, representing 10% of its issued share capital. The purpose for the buyback is to enhance the net asset value (NAV) per share and/or earnings per share (EPS). The repurchases will be made out of the funds legally available for the purpose in accordance with the Bye-laws and the applicable laws 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 carried out to the full extent, unless varied or revoked in a General Meeting. As on June 12, 2019, the company had 379,584,000 shares in issue.