Di Yi Cai Jing·2025-12-31 11:35Core Viewpoint - The company, Sina, has received an unfavorable ruling regarding its privatization valuation process under Section 238 of the Cayman Islands Companies Law, and it has appealed this decision [2] Group 1: Legal Proceedings - Sina has filed an appeal to the Cayman Islands Court of Appeal against the unfavorable ruling [2] - The appeal court has granted a stay on the execution of the ruling and related orders until the appeal outcome is determined [2] - The result of the Section 238 appeal is still uncertain [2] Group 2: Share Buyback Authorization - The company's board has approved a share buyback program, allowing for the repurchase of up to $200 million worth of shares, including American Depositary Shares [2] - The buyback program is set to be executed within the next 12 months, ending on December 31, 2026 [2]