Gelonghui, April 2, 丨 Qifu Technology-S (03660.HK) announced that on June 20, 2023, the company announced a share repurchase plan. According to this, the company is authorized to repurchase American depository shares or Class A common shares with a total value of not more than 150 million US dollars within 12 months from June 20, 2023. As of March 28, 2024, the company has basically used up the total authorized value of the 2023 share repurchase plan. That is, the company has purchased a total of 9,348,543 American Depositary Shares on the open market as planned, for a total amount of US$149,979,804 (including commissions), at an average price of US$16.02 per American Depositary Share. According to the applicable rules and regulations, the company intends to cancel all repurchased shares.
On March 12, 2024, the board of directors of the company approved a new share repurchase plan. According to this, the company can repurchase American depository shares or Class A common shares with a total value of no more than US$350 million within 12 months from April 1, 2024. The company has begun implementing the 2024 share repurchase plan.