Exhibit 99.1
AMTD IDEA Group Announces US$20million Share Repurchase Program
August 22, 2023 09:25 AM Eastern Daylight Time
NEW
YORK & SINGAPORE & PARIS(BUSINESS WIRE)AMTD IDEA Group (AMTD IDEA or Company, NYSE: AMTD; SGX: HKB) announced today that its board of directors have authorized a new share repurchase program
under which the Company may repurchase up to US$20 million of its American depositary shares or ordinary shares until the close of business on December 29, 2023, U.S. Eastern Time. The Company plans to adopt and implement this share
repurchase program in accordance with applicable rules and requirements under the Securities Exchange Act of 1934, as amended, and the Companys insider trading policies.
The Companys proposed repurchases may be made from time to time in the open market at prevailing market prices, in privately negotiated transactions, in
block trades and/or through other legally permissible means, depending on market conditions and in accordance with applicable rules and regulations. The timing and dollar amount of repurchase transactions will be subject to the Securities and
Exchange Commission Rule 10b-18 and Rule 10b-5 requirements. The Companys board of directors will review the share repurchase program periodically, and may
authorize adjustment of its terms and size. The Company expects to fund the repurchases out of the Companys existing cash balance.
About AMTD
IDEA Group
AMTD IDEA Group, formerly known as AMTD International Inc. (NYSE: AMTD; SGX: HKB) represents a diversified institution and digital
solutions group connecting companies and investors with global capital markets. Its comprehensive one-stop business services plus digital solutions platform addresses different clients diverse and
inter-connected business needs and digital requirements across all phases of their life cycles as well as hospitality and VIP services. Through our unique eco-system the AMTD SpiderNet
AMTD IDEA Group is uniquely positioned as an active superconnector between clients, business partners, investee companies, and investors, connecting the East and the West. For more information, please visit www.amtdinc.com or follow us on
Twitter at @AMTDGroup.
Safe Harbor Statement
This
press release contains statements that may constitute forward-looking statements pursuant to the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be
identified by terminology such as will, expects, anticipates, aims, future, intends, plans, believes, estimates, likely to, and
similar statements. Statements that are not historical facts, including statements about the beliefs, plans, and expectations of AMTD IDEA Group are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties.
Further information regarding these and other risks is included in the filings of AMTD IDEA Group with the SEC. All information provided in this press release is as of the date of this press release, and AMTD IDEA Group does not undertake any
obligation to update any forward-looking statement, except as required under applicable law.
Contacts
IR Office
AMTD IDEA Group
EMAIL: ir@amtdinc.com