Good Resources Holdings Limited (SEHK:109) commences share repurchases on July 19, 2017, under the program mandated by the shareholders in the Annual General Meeting held on November 28, 2016. As per the mandate, the company is authorized to repurchase up to 720,469,399 shares, representing 10% of its issued share capital. The repurchase program will lead to an enhancement of the net asset value per share and/or earnings per share. The repurchases of shares will be funded from the company’s available cash flow or working capital facilities, which shall be funds legally available for such purposes. 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. As of November 28, 2016, the company had 7,204,693,998 shares in issue.