E-House (China) Enterprise Holdings Limited (SEHK:2048) commences share repurchases on May 7, 2019, under the program mandated by the shareholders pursuant to written resolutions approved on July 4, 2018. As per the mandate, the company is authorized to repurchase up to 146,743,600 shares, representing 10% of its issued share capital. The repurchases will result in an increase in the net asset value and/or earnings per share. The repurchase program will be funded out of funds legally available for the purpose in accordance with the Articles of Association and the applicable laws of the Cayman Islands. The repurchased shares will be cancelled. 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 varied or revoked in a General Meeting.