Huizhou China Eagle Electronic Technology Inc. (SZSE:002579) commences share repurchases on January 28, 2021, under the program mandated by the shareholders in the Extraordinary General Meeting held on January 26, 2021. As per the mandate, the company is authorized to repurchase not more than CNY 150 million worth of its shares. The shares will be repurchased at a price not more than CNY 13.32 per share. The purpose of repurchase plan is to cancel the registered capital according to law. The program will run over a period of 12 months from the date of shareholder's approval.