United Energy Group Limited (SEHK:467) commences share repurchases on January 8, 2019, under the program mandated by the shareholders in the Annual General Meeting held on April 20, 2018. As per the mandate, the company is authorized to repurchase up to 2,626,906,517 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 Bye-laws, and the applicable laws of Bermuda and Hong Kong. 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 April 20, 2018, the company had 26,269,065,172 shares in issue.