Youyuan International Holdings Limited (SEHK:2268) commences share repurchases on September 10, 2018, under the program mandated by the shareholders in the Annual General Meeting held on May 23, 2018. As per the mandate, the company is authorized to repurchase up to 124,372,571 shares, representing 10% of its share capital. The repurchases will be made out of the funds legally available for such purpose in accordance with the memorandum of association and bye-laws of the company and the Companies Act. The repurchase program will lead to an enhancement of the earnings per share in the company. The authority shall expire at the earliest of the next Annual General Meeting, the date on which the next Annual General Meeting is required to be held or the date on which the authority is carried out to the full extent, unless varied or revoked in a General Meeting. As of May 23, 2018, the company had 1,243,725,712 shares in issue.