Ispire Technology Inc. Announces Stock Repurchase Program

Core Viewpoint - Ispire Technology Inc. has announced a stock repurchase program authorizing the repurchase of up to $10 million of its common stock over the next 24 months, reflecting confidence in the company's growth and strategic investments [1][2]. Company Overview - Ispire Technology Inc. is engaged in the research, development, design, commercialization, sales, marketing, and distribution of branded e-cigarettes and cannabis vaping products, owning or licensing over 400 patents worldwide [3]. - The company's e-cigarette products are marketed under the Aspire name and sold globally, excluding the U.S., People's Republic of China, and Russia, primarily through a global distribution network [3]. - Ispire also engages in original design manufacturing (ODM) relationships with e-cigarette brands and retailers worldwide, and its cannabis products are marketed under the Ispire brand name [3]. Stock Repurchase Program Details - The stock repurchase program allows the company to repurchase shares through open market transactions, accelerated share buyback programs, tender offers, privately negotiated transactions, or other means [2]. - The timing and amount of repurchase transactions will be determined by the company's board based on market conditions, share price, legal requirements, and other factors [2]. - The program does not have a set expiration date and may be suspended, modified, or discontinued at any time without prior notice [2].