Summary by Futu AI
KAND PHARMACEUTICALS ANNOUNCED THE COMPLETION OF THE SECOND SHARE REPURCHASE PROGRAM AND THE WRITE-DOWN OF ALL OF THE REPURCHASED A SHARES. The Company began repurchasing on March 11, 2024 and completed by May 22, 2024. A total of 21,593,780 shares of A shares representing 0.74% of the total issued share capital amounted to RMB1,000,000,116.95. The repurchase price ranges from $41.23 to $58.66 per share. The repurchase will not have a material impact on the Company's operations, financial condition and future development, nor will it affect the Company's listing position. The members of the Board of Directors include Dr. Li Keung, the Executive Director, etc., and an announcement was made on 23 May 2024 by the Chairman, Dr. Li Keung.