Exhibit 99.1
AMTD Digital Inc. Announces US$30million Share Repurchase Program
August 22, 2023 09:15 AM Eastern Daylight Time
NEW
YORK & PARIS(BUSINESS WIRE)AMTD Digital Inc. (AMTD Digital or Company) (NYSE: HKD), announced today that the Companys board of directors have authorized a new share repurchase program under which
the Company may repurchase up to US$30 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 its existing cash balance.
About AMTD Digital Inc.
AMTD Digital Inc. (NYSE: HKD) is a comprehensive digital solutions platform headquartered in France. Its
one-stop digital solutions platform operates four main business lines including digital solutions services, digital media, content and marketing services, digital investments as well as hospitality and VIP
services. It is the fusion reactor at the core of the AMTD SpiderNet ecosystem and empowers and integrates the various digital businesses within its ecosystem. For AMTD Digitals announcements, please visit
https://ir.amtdigital.net/investor-news.
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
Digital Inc., 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 Digital Inc. with the SEC. All information
provided in this press release is as of the date of this press release, and AMTD Digital Inc. does not undertake any obligation to update any forward-looking statement, except as required under applicable law.
Contacts
IR Office
AMTD Digital Inc.
EMAIL: ir@amtdigital.com