CHINACOMSERVICE (00552) announced that, based on confidence in the company's future development and recognition of its corporate value, as well as to safeguard shareholder interests and boost investor confidence, the board has resolved to seek approval from the special general meeting, domestic share class meeting, and H-share class meeting for a general mandate authorizing the board to repurchase the company's H-shares. The board will determine the appropriate timing to repurchase up to 10% of the issued H-shares (excluding treasury shares) as of the resolution approval date. As of the announcement date, the company's total issued shares amounted to 6.926 billion, including 2.391 billion H-shares. If fully executed, the company could repurchase up to 239 million H-shares. The board emphasized that any repurchase would only proceed if deemed beneficial to the company and its shareholders as a whole.