EGLS Co., Ltd. (SZSE:002619) commences share repurchases on July 10, 2018 under the program mandated by the shareholders in the Annual General Meeting held on July 10, 2018. As per the mandate, the company is authorized to repurchase minimum of CNY 30 million and a maximum up to CNY 100 million worth of its own shares at a maximum price of CNY 5.99 per share. The repurchased shares will be used in the subsequent ESOP or shall be cancelled. The company intends to use own funds to repurchase shares. The plan will be valid for 12 months up to July 9, 2019.