As of its last closing price of 61.5 cents, it has a market value of around $2.14 billion.
“With a healthy cash position and strong balance sheet, we continue to be focused on disciplined capital allocation, including through share buybacks when our share price may not reflect the intrinsic value of the company," says executive chairman and CEO Ren Yuanlin.
"With our successful IPO listing in November 2025, we believe that share buybacks are another good opportunity to reward long-term shareholders, support liquidity, and reinforce confidence in our strategy and value creation pathway," he adds.
