Keep Inc. (SEHK:3650) commences share repurchases on April 2, 2024, under the program mandated by the shareholders in the Annual General Meeting held on June 12, 2023. As per the mandate, the company is authorized to repurchase up to 10% of its issued share capital. The purpose of repurchase program is to enhance the net assets and/or earnings per share of the company.

The repurchases will be made out of the funds legally available for such purpose in accordance with its its Articles of Association and the companies ordinance. The companies ordinance provides that payment in respect of a share buy-back may be made out of the company?s distributable profits and/or out of the proceeds of a fresh issue of shares made for the purpose of the buy-back. 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.