Jinxin Announces US$2 Million Share Repurchase Program
The Company's proposed repurchases may be made from time to time on the open market at prevailing market prices, in privately negotiated transactions, in block trades and/or through other legally permissible means, depending on market conditions and in accordance with applicable rules and regulations. The manner, timing and amount of any share repurchases will be subject to various factors including the requirements under Rule 10b-18 and/or Rule 10b5-1 of the Exchange Act. The Company's board of directors will review the share repurchase program periodically, and may authorize adjustment of its terms and size or suspend or discontinue the program. The Company expects to fund the repurchases out of its existing cash balance.
The share repurchase program does not obligate the Company to acquire any particular number of shares, and the share repurchase program may be modified, suspended or terminated at any time at the management's discretion.
Management Commentary
"We believe that the current market price of our shares does not fully reflect the intrinsic value and long-term growth potential of our business," said Mr.
"With a strong balance sheet and healthy cash position, we are well positioned to execute this share repurchase program while continuing to invest in AI-led education technologies that enhance user engagement and content experience, as well as digital content technologies that support our long-term growth," added Mr.
About Jinxin Technology Holding Company
Jinxin is an innovative digital content service provider in China, with sustainable long-term growth. Leveraging our powerful digital content generation engine powered by advanced AI/AR/VR/digital human technologies, we are committed to offering our users high-quality digital content services through both our own platform and the content distribution channels of our strong partners.
For more information, please visit: https://ir.namibox.com/index/.
Safe Harbor Statement
This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the
For investor and media inquiries, please contact:
Jinxin Technology Holding Company
Investor Relations Department
Email: [email protected]
View original content:https://www.prnewswire.com/news-releases/jinxin-announces-us2-million-share-repurchase-program-302591419.html
SOURCE Jinxin Technology Holding Company
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