Mobile-health Network Solutions (MNDR) Announces 214K Share Buyback

Mobile-health Network Solutions (NASDAQ: MNDR) today announced that its Board of Directors approved a share repurchase program with authorization to purchase up to 214,000 Class A Ordinary Shares ("Share Repurchase Program"). This Share Repurchase Program will be effective immediately for up to one year from today.

"This share repurchase program reflects the Board's confidence in our long-term growth prospects," said Dr Siaw Tung Yeng, Co-CEO. "We believe our current share price does not reflect the intrinsic value of our business or the strength of our fundamentals. We view this buyback as a compelling use of capital at current share prices."

Repurchases under the program may be made from time to time in open market transactions, in privately negotiated transactions, through block trades, or through other legally permissible means, including Rule 10b5-1 trading plans, in accordance with applicable U.S. securities laws. The timing and actual number of shares repurchased will depend on a variety of factors, including price, market conditions, and corporate and regulatory requirements.

The share repurchase program does not obligate the Company to repurchase any specific number of shares and may be modified, suspended, or terminated at any time at the Company's discretion.

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