TIANLI INT HLDG (01773) exercises buyback authorization with a maximum of 200 million Hong Kong dollars to repurchase shares.

Tianli International Holdings (01773) announced that the Board of Directors plans to exercise the general mandate granted by the shareholders at the annual general meeting of the company held on January 16, 2025, to repurchase company shares. Under the repurchase authorization, the company is allowed to repurchase up to 10% (up to 211 million shares) of the total number of shares issued at the annual general meeting of shareholders (excluding the 9.774 million shares repurchased by Hong Kong Exchanges and Clearing Limited, which had not been cancelled as of the date of the annual general meeting). To promote the sustainable operation and development of the company, safeguard the long-term interests of investors, and maximize shareholder value, the Board of Directors has decided that from the date of this announcement until the end of the next annual general meeting of shareholders of the company (when the repurchase authorization will expire) or during the period when shareholders revoke or amend the repurchase authorization at a shareholders' meeting, the company will, in accordance with market conditions and the repurchase authorization, utilize a maximum total amount of HK$200 million from time to time to repurchase shares on the open market, and the actual repurchase price per share shall not exceed 5% (inclusive) of the average closing price of the shares in the five trading days immediately preceding each repurchase. The Board of Directors believes that the share repurchase plan is in the overall best interests of the company and its shareholders.