Jiangsu Ankura Smart Transmission Engineering Technology Co.,Ltd. (SZSE:300617) commences share repurchases on January 2, 2019, under the program mandated by the shareholders in the Annual General Meeting held on December 13, 2018. As per the mandate, the company is authorized to repurchase up to 4,000,000 shares for CNY 100 million. The company will spend for not less than CNY 50 million to repurchase the shares. The repurchase price will not exceed CNY 25 per share. The repurchased shares will be used for subsequent employee equity incentive plan and conversion of corporate bonds issued by the company which are convertible to shares. The plan is valid for 12 months from the date of shareholders' approval.