Ningbo Yunsheng Co., Ltd. (SHSE:600366) commences share repurchases on January 4, 2019, under the program mandated by the shareholders in the Special Shareholders' Meeting held on December 12, 2018. As per the mandate, the company is authorized to repurchase for not more than CNY 200 million class A shares. The shares will be purchased at a price not exceeding CNY 7.45 per share. The repurchased shares will be used for ESOP and employee incentives. The program will be funded from company's own funds. The repurchase program is valid for a period of 6 months from shareholders' meeting.