NPC Resources Berhad (KLSE:NPC) commences share repurchases on January 22, 2018 under the program mandated by the shareholders in the Annual General Meeting held on May 25, 2017. As per the mandate, the company is authorized to repurchase up to 10% of its own shares. The repurchased shares may be retained as treasury shares and/or distributed as dividends and/or resold on the market of Bursa Securities and/or be cancelled. The repurchase will be funded out of retained earnings of the company. The share repurchase program shall be valid until the earliest of the conclusion of the next Annual General Meeting, or the expiration of the period within which the next Annual General Meeting of the company is required by the bye-laws of company to be held or the passing of an ordinary resolution by the shareholders of the company in General Meeting revoking or varying the authority given to the directors of the company.