Beijing Trust&Far Technology CO.,LTD (SZSE:300231) commences share repurchases on January 15, 2019 under the program mandated by the shareholders in the Extraordinary General Meeting held on December 25, 2018. As per the mandate, the company is authorized to repurchase not more than CNY 300 million worth of its own shares. The shares will be repurchased at a price of not more than CNY 10 per share. The repurchased shares will be used for ESOP, equity incentives plan and for the conversion of the company's convertible bonds or other uses. The plan will be valid for 12 months from Shareholders' Meeting.