Globenewswire·2026-03-23 08:30Core Viewpoint - The company is demonstrating a strong commitment to shareholder returns through an expanded share repurchase program and a structured dividend policy, reflecting confidence in its long-term growth potential [1][2][3][4] Group 1: Share Repurchase Program - The company has utilized approximately RMB34.5 million to repurchase 733,918 ordinary shares on March 20, 2026, and has deployed around RMB380 million year-to-date in 2026 for share repurchases [1] - The board of directors approved an increase in the total authorization for the share repurchase program to up to US$400 million, extending the program through August 28, 2027 [2] Group 2: Dividend Policy - Starting from 2026, the company will allocate no less than 50% of its adjusted net income from the preceding fiscal year for dividends and share repurchases over the next three years [3] - The board retains the discretion to adjust the share repurchase and dividend plan based on various factors, including financial performance and market conditions [3] Group 3: Management Confidence - These initiatives reflect the management's confidence in the company's long-term growth and commitment to delivering sustainable value to shareholders [4]