Coslight Technology International Group Limited commences an Equity Buyback Plan for 38,818,400 shares, representing 10% of its issued share capital under the authorization approved on June 13, 2018.

Coslight Technology International Group Limited (SEHK:1043) commences share repurchases on July 24, 2018 under the program mandated by the shareholders in the Annual General Meeting held on June 13, 2018. As per the mandate, the company is authorized to repurchase up to 38,818,400, 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 authority shall expire at the earliest of the next Annual general Meeting (AGM), the date on which the next AGM is required to be held or the date on which the authority is varied or revoked in a General Meeting. As on June 13, 2018, the company had 388,184,000 shares in issue.