Rentian Technology Holdings Limited (SEHK:885) commences share repurchases on September 27, 2018, under the program mandated by the shareholders in the Annual General Meeting held on June 27, 2018. As per the mandate, the company is authorized to repurchase up to 1,114,839,053 shares, representing 10% of its issued share capital. The repurchase program will be funded out of funds legally available for the purpose in accordance with the Articles and any other applicable laws of Cayman Islands. The repurchase program will lead to an enhancement of the earnings per share in the company. 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 June 27, 2018, the company had 11,148,390,530 shares in issue.