STRENGTH IN UNITY Corporate Governance and Other Information 44 DISCLOSURE OF DIRECTORS’ INFORMATION PURSUANT TO RULE 13.51B(1) OF THE LISTING RULES Changes in the information of directors required to be disclosed under Rule 13.51B(1) of the Listing Rules since the date of annual report 2023 of the Company are set out as follows: Dr. Kwok Hung Justin Chiu and Ms. Wei-Lin Kwee retired from the Board as a Non-executive Director and an Independent Non-executive Director, respectively, at the conclusion of the annual general meeting of the Company held at 31 May 2024. Mr. Jeffrey David Perlman, a Non-executive Director stepped down from his role as the Chairman of the Board with effect from 2 September 2024. Mr. Perlman remains as a Non-executive Director. Mr. Brett Harold Krause, an Independent Non-executive Director, has been appointed as the Interim Chairman of the Board with effect from 2 September 2024. Save as disclosed above, there is no other information that is required to be disclosed pursuant to Rule 13.51B(1) of the Listing Rules. PURCHASE, SALE OR REDEMPTION OF THE COMPANY’S LISTED SECURITIES Share Repurchase The Directors of the Company have been granted the general mandate (the “Repurchase Mandate”) pursuant to resolutions of the Shareholders of the Company (the “Shareholders”) passed on 7 June 2023 and 31 May 2024, to repurchase Shares of the Company in the open market from time to time. Pursuant to the Repurchase Mandate, the Company is allowed to repurchase up to 10% of the total number of issued Shares as at the date of passing such resolution. During the six months ended 30 June 2024, the Company had repurchased, under the Repurchase Mandate, a total of 55,126,800 Shares on market ranging from HK$9.02 to HK$11.16 per Share, representing approximately 1.31% of the issued Shares as at 30 June 2024 for a consideration of approximately HK$562.8 million (approximately US$72.0 million, excluding transaction cost). At the date of this interim report, the repurchased Shares have been cancelled. Details of Shares repurchased are as follows: Purchase price per Share Month Number of Shares repurchased Highest HK$ Lowest HK$ Aggregate consideration HK$ million January 2024 37,416,600 11.16 9.64 392.4 February 2024 17,710,200 10.38 9.02 170.4 55,126,800 562.8 Details of cancellation of the repurchased Shares are as follows: Date Number of Shares cancelled 8 February 2024 37,416,600 1 March 2024 17,710,200 Total 55,126,800 The share repurchase was financed by the Company with its existing available cash.
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