CK Hutchison Holdings Limited (SEHK:1) commences share repurchases on March 19, 2021, under the program mandated by shareholders in the Annual General Meeting held on May 14, 2020. As per the mandate, the company is authorized to repurchase up to 385,624,050 shares, representing 10% of its issued share capital. Any repurchase will be made out of funds which are legally available for the purpose in accordance with the Articles of Association of the company, the listing rules and all applicable laws and regulations of the Cayman Islands. The repurchases will lead to an enhancement of the net assets and/or its earnings per share. 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 May 14, 2020, the company had 3,856,240,500 shares in issue.