Teamax Smart City Technology Corporation Limited commences an Equity Buyback Plan under the authorization approved on March 13, 2018.

Teamax Smart City Technology Corporation Limited (SZSE:000662) commences share repurchases on May 2, 2018 under the program mandated by the shareholders in the Annual General Meeting held on March 13, 2018. As per the mandate, the company is authorized to repurchase its own shares.