QFIN-S(03660) has almost exhausted the authorized total value of the 2024 share buyback plan and has approved a 2025 share buyback plan.

date
31/12/2024
avatar
GMT Eight
QFIN-S(03660) announced that on March 12, 2024, the Board of Directors of the company approved a share repurchase plan (2024 Share Repurchase Plan). The company is authorized to repurchase up to $350 million worth of American depositary shares or Class A ordinary shares within a 12-month period starting from April 1, 2024. As of December 30, 2024, the company has nearly exhausted the authorized total value of the 2024 Share Repurchase Plan. Specifically, the company has purchased a total of 15.11 million American depositary shares on the open market for a total amount of $350 million (including commissions), at an average price of $23.14 per American depositary share. In accordance with applicable rules and regulations, the company intends to cancel all repurchased shares. On November 19, 2024, the Board of Directors approved a new share repurchase plan (2025 Share Repurchase Plan), authorizing the company to repurchase up to $450 million worth of American depositary shares or Class A ordinary shares within a 12-month period starting from January 1, 2025.

Contact: contact@gmteight.com