According to the important decision made by the board of directors of Mewah Intl (MHUA.US), the company has approved and authorized a share buyback plan. Under the plan, Mewah Intl will repurchase up to $3 million of the company's outstanding common shares. The release of this news immediately caused a positive response in the stock market. As of the time of writing, Mewah Intl's stock price has surged more than 15% in pre-market trading, with the latest quote at $0.98 per share. It is understood that the implementation of a share buyback plan is usually interpreted by the market as a demonstration of the company's confidence in its own value, which may also bring direct economic benefits to shareholders.