Viomi Technology Co., Ltd (NASDAQ: VIOT) announced a $20 million share repurchase program and scheduled the release of its first half 2025 financial results for November 10, 2025, according to a company statement.

The Guangzhou-based home water solutions company's board of directors approved the share buyback plan, which allows the repurchase of up to $20 million worth of American depositary shares through December 31, 2027. The company will report its unaudited financial results for the six months ended June 30, 2025, before U.S. markets open on November 10.

The share repurchases may occur through open market transactions at prevailing market prices, privately negotiated deals, block trades, or other legally permissible methods, depending on market conditions. Viomi expects to fund the repurchases using its existing cash balance.

"The Company's new share repurchase program underscores our confidence in Viomi's business outlook and our commitment to maximizing long-term shareholder value," said Xiaoping Chen, founder, chairman and chief executive officer of Viomi.

Viomi operates under an "Equipment + Consumables" business model, developing water purification systems and related consumable products. The company utilizes artificial intelligence technology in its water solutions and operates what it describes as a water purifier manufacturing facility with an integrated industrial chain.

The repurchase program will be implemented in accordance with applicable rules and regulations, the company stated in its announcement.