Sunshine 100 China Holdings Ltd (SEHK:2608) commences share repurchases on January 18, 2019, under the program mandated by the shareholders in the Annual General Meeting held on June 25, 2018. As per the mandate, the company is authorized to repurchase up to 261,173,663 shares, representing 10% of its issued share capital. The repurchases will result in an increase in the net asset value and/or earnings per share. The repurchase program will be funded out of funds legally available for the purpose in accordance with the Articles of Association, the Listing Rules, and any other applicable laws of Cayman Islands. The authority shall expire at the earliest of the next Annual General Meeting, the date on which the next Annual general Meeting is required to be held or the date on which the authority is varied or revoked in a General Meeting. As at June 25, 2018, the company had 2,611,736,625 shares in issue.