Canaan Inc. (CAN) Announces Up to US$100 Million Share Repurchase Program
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Canaan Inc. Announces Up to US$100 Million Share Repurchase Program
March 16, 2022 8:46 AM EDTBEIJING, March 16, 2022 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), a leading high-performance computing solutions provider, today announced that its board of directors (the "Board") has authorized a share repurchase program under which the Company may repurchase up to US$100 million worth of its outstanding (i) American depositary shares ("ADSs"), each representing 15 Class A ordinary shares, and/or (ii) Class A ordinary shares over the next 24 months starting from March 16, 2022.
Mr. Nangeng Zhang, Chairman and Chief Executive Officer of Canaan, commented, "We noticed that the recent international frictions,... More
