Hangzhou SF Intra-city Industrial Co., Ltd. commences an Equity Buyback for 31,028,903 shares, representing 10% of its issued share capital, under the authorization approved on June 6, 2023.

Hangzhou SF Intra-city Industrial Co., Ltd. (SEHK:9699) commences share repurchases on November 30, 2023, under the program mandated by the shareholders in the Annual General Meeting held on June 6, 2023. As per the mandate, the company is authorized to repurchase up to 31,028,903 shares, representing 10% of its issued share capital. The repurchases will result in an increase in the net asset value and/or earnings per share.

The repurchase program will be funded out of funds legally available for the purpose in accordance with the Articles of Association, the laws of the People?s Republic of China and/or any other applicable laws. The repurchased shares will be automatically cancelled. 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 at June 6, 2023, the company has 933,457,707 shares in issue of which 310,289,026 shares are H shares and 623,168,681 shares are unlisted domestic shares.