CSI Properties Limited commences an Equity Buyback Plan for 937,172,967 shares, representing 10% of its issued share capital, under the authorization approved on August 31, 2022.

CSI Properties Limited (SEHK:497) commences share repurchases on August 11, 2023, under the program mandated by the shareholders in the Annual General Meeting held on August 31, 2022. As per the mandate, the company is authorized to repurchase up to 937,172,967 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 the applicable laws of Bermuda and the memorandum of association of the Company and the Bye-laws. 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 August 31, 2022, the company had 9,371,729,676 in issue.

On August 10, 2023, the company announced a share repurchase program. Under the program, the company will repurchase shares until 30 days immediately preceding the publication of the interim results of the Company for the six months ending September 30, 2023.