CTS International Logistics Corporation Limited commences an Equity Buyback Plan for CNY 360 million, under the authorization approved on November 23, 2018.

CTS International Logistics Corporation Limited (SHSE:603128) commences share repurchases on December 6, 2018, under the program mandated by the shareholders in the Extraordinary General Meeting held on November 23, 2018. As per the mandate, the company is authorized to repurchase its own shares, representing for a total of CNY 360 million. The shares will be repurchased at a price of CNY 8 per share. The program will be valid for 12 months from the date of the Shareholder's Meeting.