NavInfo Co., Ltd. (SZSE:002405) commences share repurchases on December 13, 2018 under the program mandated by the shareholders in the Extraordinary General Meeting held on November 5, 2018. As per the mandate, the company is authorized to repurchase class A shares for not less than CNY 50 million and not more than CNY 100 million. The shares will be purchased at a price not exceeding CNY 20 per share. The purpose of repurchase program is to reduce registered capital. The repurchase program is valid for a period of 6 months from shareholders' approval.