Youyuan International Holdings Ltd. (SEHK:2268) commences share repurchases on November 16, 2017, under the program mandated by the shareholders in the Annual General Meeting held on May 25, 2017. As per the mandate, the company is authorized to repurchase up to 117,876,533 shares, representing 10% of its share capital. The repurchase program will be funded out of funds which are legally available for the purpose in accordance with the memorandum of association and bye-laws of the company and the Companies Act. The program will be valid till the earliest of the conclusion of the next Annual General Meeting; the expiration of the period within which the next Annual General Meeting of the company is required by the articles of the company or the applicable laws of the Cayman Islands to be held; or revoked or varied by an ordinary resolution of the shareholders of the company in a General Meeting. As of March 31, 2017, the company had 1,178,765,339 shares in issue.