NetDragon WebSoft, Inc. (SHEK:777) commences share repurchases on January 6, 2016, under the program mandated by the shareholders in the Annual General Meeting held on May 21, 2015. As per the mandate, the company is authorized to repurchase up to 49,667,741 shares, representing 10% of its issued share capital. The company will make repurchases on The Stock Exchange of Hong Kong Limited or on any other stock exchange on which the shares of the company may be listed and recognized by the Securities and Futures Commission of Hong Kong and the Stock Exchange for this purpose, and subject to and in accordance with all applicable laws, rules and regulations.

Any repurchase will be made out of funds which are legally available for such purpose in accordance with the memorandum and articles of association of the Company and the applicable laws of the Cayman Islands. The purpose of this repurchase program is to enhance the net asset value and/or the earnings per share of the company. This program will be valid until the earliest of the conclusion of the next Annual General Meeting, or the expiration of the period within which the next Annual General Meeting of the company is required by its bye-laws to be held or the passing of an ordinary resolution by its shareholders in general meeting revoking or varying the authority given to its directors by this resolution.

As of May 21, 2015, the company had 496,677,414 shares outstanding.