Anacle Systems Limited (SEHK:8353) commences share repurchases on January 18, 2021, under the program mandated by the shareholders in the Annual General Meeting held on September 30, 2020. As per the mandate, the company is authorized to repurchase up to 39,915,850 shares, representing 10% of its issued share capital. The purpose of repurchase program is to enhancement of the net assets and earning per share. The repurchases will be made from the company’s funds legally available in accordance with the laws of Singapore. 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 carried out to the full extent, unless varied or revoked in a General Meeting. As of September 30, 2020, the company had 399,158,496 shares in issue.