JE Cleantech Holdings Limited Announces Continuation of $1,000,000 Stock Repurchase Program

Company Overview - JE Cleantech Holdings Limited is based in Singapore and primarily engaged in the sale of cleaning systems and equipment, as well as providing centralized dishwashing and ancillary services [4] - The company designs, develops, manufactures, and sells cleaning systems for various industrial applications, mainly targeting customers in Singapore and Malaysia [4] - Its cleaning systems feature advanced technologies such as particle filtration, ultrasonic rinses, high-pressure drying, and deionized water rinses, aimed at effective contaminant removal [4] Stock Repurchase Program - The Board of Directors has authorized a stock repurchase program of up to $1,000,000 for the company's outstanding Ordinary Shares [5] - As of July 19, 2024, the company had repurchased 38,406 shares at an average price of $1.02, totaling approximately $39,175 [5] - The remaining amount available for repurchase is up to $960,825 of the company's Ordinary Shares [5] Management's Perspective - The continuation of the stock repurchase program reflects the Board's and management's confidence in the company's future growth prospects and long-term value [3]