TCL Corporation (SZSE:00100) announces a share repurchase program. Under the program, the company will repurchase up to 526,315,789 shares, representing 3.88% of its share capital for CNY 2,000 million. The shares will be repurchased at a price not more than CNY 3.80 per share. The shares repurchased will be used for ESOP, equity incentives plan, reduction of share capital, shares for the conversion of the company's convertible bonds, or to maintain company value and shareholders’ equity. The program will be valid for 12 months. On March 19, 2019, the company announced that it will now repurchase shares for not more than CNY 5 per share.