Core Viewpoint - Guardforce AI Co., Limited has announced a Share Repurchase Program to buy back up to $5 million of its outstanding ordinary shares, reflecting the company's belief that its current market valuation does not fully represent its intrinsic value [1][2]. Group 1: Share Repurchase Program - The Share Repurchase Program is effective immediately and will last for up to one year [2]. - The program aims to enhance long-term value through disciplined capital allocation, leveraging the strength of its secured logistics business and the potential of its AI business [2]. - The company may repurchase shares through various means, including open market transactions and block trades, depending on market conditions and other factors [3][4]. Group 2: Company Fundamentals - The Chairwoman and CEO of Guardforce AI, Lei Wang, expressed confidence in the company's fundamentals, emphasizing a foundation of real revenue and operational discipline [3]. - The company is focused on building its future around its AI Agent platform, which is expected to provide compelling long-term value at current market levels [3]. - Guardforce AI operates in the cash logistics and retail sectors, utilizing its Intelligent Cloud Platform to deliver innovative AI solutions [5].
Guardforce AI Announces Share Repurchase Program