Core Viewpoint - Jinxin Technology Holding Company has announced a share repurchase program authorizing the repurchase of up to US$2 million worth of its ordinary shares, reflecting confidence in the company's long-term growth potential and strategic direction [1][4]. Share Repurchase Program - The share repurchase program will be executed over a period until October 21, 2026, and may involve various methods such as open market purchases, privately negotiated transactions, and block trades, depending on market conditions [1][2]. - The program is subject to compliance with applicable rules under the Securities Exchange Act of 1934, and the board of directors will periodically review and may adjust the program's terms and size [2][3]. Management Commentary - The Chairman and CEO of Jinxin expressed that the current market price does not reflect the intrinsic value and long-term growth potential of the business, emphasizing the company's commitment to delivering sustainable value for shareholders [4]. - The COO highlighted the company's strong balance sheet and cash position, indicating readiness to execute the repurchase program while continuing investments in AI-led education technologies [4]. Company Overview - Jinxin is positioned as an innovative digital content service provider in China, focusing on sustainable long-term growth through advanced AI, AR, VR, and digital human technologies [5].
Jinxin Announces US$2 Million Share Repurchase Program