Summary by Futu AI
JD.com Group (stock code: 9618) announced on August 27, 2024 that its board of directors has approved a new share repurchase plan, which will take effect from September 2024 for a period of 36 months, with a total repurchase amount of $5 billion. The repurchase plan will be implemented based on market conditions and applicable rules and regulations, and may be executed through public markets, private negotiations, block trades, or other legal means. The board of directors will regularly review the plan and reserve the right to adjust its terms and scale. In addition, JD.com Group reminds shareholders and potential investors to be aware of the risks associated with investing in companies with different voting structures, highlighting the voting rights differences between its Class A common shares and Class B common shares. JD.com Group's American Depositary Shares are listed on the Nasdaq Global Select Market under the code JD.