Santech Holdings Limited, a consumer-focused technology company in China, has announced a new share repurchase program authorized by its board of directors. The program allows the company to repurchase up to $5 million worth of its outstanding American Depositary Shares (ADSs) over the next 12 months, starting from August 26, 2024.The repurchases may be executed through various means, including open market transactions, privately negotiated deals, and block trades, subject to market conditions and applicable regulations. The program may be implemented in accordance with Rule 10b5-1 and/or Rule 10b-18 under the U.S. Securities Exchange Act of 1934. Santech plans to fund the repurchases from its existing cash balance.Santech, listed on NASDAQ under the ticker STEC, has transitioned from its historical businesses in financial services and health management. The company is now actively exploring innovative opportunities in technology, including new retail, social e-commerce, and metaverse applications, leveraging its large accumulated customer base of high net-worth clients in China.

Santech Holdings Limited, a consumer-focused technology company in China, has announced a new share repurchase program authorized by its board of directors. The program allows the company to repurchase up to $5 million worth of its outstanding American Depositary Shares (ADSs) over the next 12 months, starting from August 26, 2024.The repurchases may be executed through various means, including open market transactions, privately negotiated deals, and block trades, subject to market conditions and applicable regulations. The program may be implemented in accordance with Rule 10b5-1 and/or Rule 10b-18 under the U.S. Securities Exchange Act of 1934. Santech plans to fund the repurchases from its existing cash balance.Santech, listed on NASDAQ under the ticker STEC, has transitioned from its historical businesses in financial services and health management. The company is now actively exploring innovative opportunities in technology, including new retail, social e-commerce, and metaverse applications, leveraging its large accumulated customer base of high net-worth clients in China.