AVIC Electromechanical Systems Co.,Ltd. (SZSE:002013) commences share repurchases on May 6, 2019, under the program mandated by the shareholders in the Extraordinary General Meeting held on January 21, 2019. As per the mandate, the company is authorized to repurchase its own shares, for a total of CNY 300 million. The shares will be purchased at a price not exceeding CNY 9.95 per share. The program will be funded from company's own funds.