Onewo Inc. commences an Equity Buyback Plan for 117,565,532 shares, representing 10% of its issued share capital, under the authorization approved on May 10, 2024.

Onewo Inc. (SEHK:2602) commences share repurchases on May 10, 2024, under the program mandated by the shareholders in the Annual General Meeting held on May 10, 2024. As per the mandate, the company is authorized to repurchase up to 117,565,532 shares, representing 10% of its issued share capital. The repurchases will lead to an enhancement of the net asset value per share and/or earnings per share for the company.

The repurchases will be made out of the funds legally available for such purpose in accordance with its Articles of Association, the laws of the PRC and/or any other applicable laws, as the case may be. 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 10, 2024, the company had 1,175,655,329 H shares in issue.