At the last Annual General Meeting ("AGM") of GENP held on 30 May 2023, the shareholders of GENP had approved the renewal of the authority for GENP to purchase its own shares of an amount which, when aggregated with the treasury shares, does not exceed 10% of its prevailing total number of issued shares of GENP at any time ("Renewed Share Buy-Back Authority"). The Renewed Share Buy-Back Authority will expire at the conclusion of GENP's forthcoming AGM.

The Board of Directors of GENP wishes to announce that GENP intends to seek the approval of its shareholders for the proposed renewal of authority for GENP to purchase its own shares of an amount which, when aggregated with the treasury shares, does not exceed 10% of GENP's prevailing total number of issued shares at any time ("Proposed Share Buy-Back Renewal") at the forthcoming AGM to be convened.

A statement containing the details on the Proposed Share Buy-Back Renewal will be made available via electronic means to the shareholders of GENP in due course.

This announcement is dated 15 April 2024.