ESR Group AR2023 eBook EN

Directors’ Report ESR Group Limited Annual Report 2023 109 PURCHASE, SALE OR REDEMPTION OF LISTED SECURITIES Shares 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 1 June 2022 and 7 June 2023, to repurchase shares of the Company (the “Shares”) 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 date of passing such resolution. During the financial year ended 31 December 2023, the Company had repurchased, under the Repurchase Mandate, a total of 151,674,000 Shares on market ranging from HK$9.20 to HK$17.68 per share, representing approximately 3.54% of the issued Shares as at 31 December 2023 for a consideration of approximately US$217.2 million (approximately HK$1,698.5 million, excluding transaction cost). At the date of this annual report, the repurchased Shares have been cancelled. Details of Shares repurchased are as follows: Purchase price per Share Month Number of Shares repurchased Highest HK$ Lowest HK$ Aggregate consideration HK$ million January 2023 7,614,400 17.68 15.44 127.2 February 2023 6,450,000 16.58 14.02 97.5 March 2023 2,147,000 14.14 13.14 29.5 April 2023 7,320,000 14.24 11.92 95.0 May 2023 13,753,800 12.64 10.94 161.7 June 2023 1,539,200 14.10 11.28 20.1 July 2023 2,142,800 13.14 12.44 27.5 August 2023 1,925,600 12.24 11.52 22.9 September 2023 17,100,000 12.04 10.38 187.1 October 2023 21,602,800 11.36 9.66 227.4 November 2023 28,971,200 10.46 9.77 291.4 December 2023 41,107,200 10.86 9.20 411.2 151,674,000 1,698.5 CORPORATE GOVERNANCE FINANCIAL STATEMENTS STRATEGIC REPORTS

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