Bossini International Holdings Limited (SEHK:592) commences share repurchases on January 3, 2019 under the program mandated by the shareholders in the Annual General Meeting held on November 13, 2018. As per the mandate, the company is authorized to repurchase up to 164,193,539 shares, representing 10% of its issued share capital. The purpose of repurchase program is to enhance the net asset value and earnings per share. The repurchases will be made out of the funds legally available for such purpose in accordance with its Bye-Laws and the applicable laws of Bermuda. 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 carried out to the full extent, unless varied or revoked in a General Meeting. As of November 13, 2018, the company had 1,641,935,394 shares in issue.