Titan Wind Energy (Suzhou) Co., Ltd. (SZSE:002531) commences share repurchases on December 10, 2018, under the program mandated by the shareholders in the Extraordinary General Meeting held on November 14, 2018. As per the mandate, the company is authorized to repurchase up to 10,000,000 A shares, representing 0.56% of its issued share capital for CNY 50 million. The shares will be repurchased at a price of CNY 5 per share. The shares repurchased will be used for ESOP. The program will be funded from company's own funds or self-raised funds. The program will be valid for 12 months from the date of the Shareholder's Meeting.