Fosun International Limited (SEHK:656) commences share repurchases on July 6, 2021, under the program mandated by the shareholders in the Annual General Meeting held on June 3, 2021. As per the mandate, the company is authorized to repurchase up to 836,590,642 shares, representing 10% of its issued share capital. The purpose of repurchase program is to enhance the net asset value per share and earnings per share. The repurchases will be made out of funds which are legally available for the purpose in accordance with its articles of association, the companies ordinance and/or any other applicable laws and regulations in Hong Kong. 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 June 3, 2021, the company has 8,365,906,424 shares in issue.