FinVolution Group Announces New Share Repurchase Program Up To US$150 million

Core Viewpoint - FinVolution Group has announced a new share repurchase program, allowing the company to buy back up to US$150 million worth of its shares from March 20, 2025, to March 19, 2027, reflecting confidence in its business strategy and growth potential [1][2]. Group 1: Share Repurchase Program - The new share repurchase program is the fourth of its kind for the company, following a cumulative deployment of approximately US$370 million in previous programs since March 21, 2018 [2]. - The repurchases may occur on the open market, in privately negotiated transactions, or through other legally permissible means, depending on market conditions [2]. Group 2: Company Overview - FinVolution Group is a leading fintech platform in China, Indonesia, and the Philippines, established in 2007, and is recognized for its innovative technologies in online consumer finance [3]. - As of December 31, 2024, the company had 208.3 million cumulative registered users across its platforms [3].