Meihua International Medical(US:MHUA) Prnewswire·2024-07-01 10:00Core Viewpoint - Meihua International Medical Technologies Co., Ltd. has announced a share repurchase program of up to $3 million, reflecting the company's confidence in its future growth and commitment to enhancing shareholder value [1][2]. Company Overview - Meihua International Medical Technologies is a manufacturer and provider of Class I, II, and III disposable medical devices, with over 30 years of experience serving hospitals, pharmacies, and medical institutions [3]. - The company offers a wide range of products, including HDPE and LDPE bottles, surgical kits, medical catheters, and more, with over 1,000 types of products for domestic sales and over 120 products exported to more than 30 countries [3]. Share Repurchase Program - The board of directors has approved a share repurchase program that allows for the repurchase of ordinary shares through open market purchases or privately negotiated transactions, subject to market conditions [1][2]. - The company plans to cancel all shares repurchased under this program, which is expected to be implemented following the filing of its Semi-Annual Report for the period ending June 30, 2024 [1][2]. Strategic Focus - The CEO emphasized ongoing efforts to innovate and enhance operational efficiency through optimized production processes and AI applications, which contribute to significant cash flow generation for long-term investments [2].