The company intends to initiate a share repurchase program. Under the program, the company will repurchase uo to 10% of the Company?s issued and outstanding shares or 6,271,297 shares represented by the American Depositary Shares through a tender offer. The shares repurchased will be held as treasury stock and will be used for M&A actitvities of the comapny.

The buyback is subject to approval at the EGM.