Jianpu Technology Inc. (AIJTY), Monday announced the decision to extend its additional share repurchase program for an additional 12 months. It was originally set to expire in January 2025.
The existing program was approved on January 31, 2024 to buy back upto $3 million of its American depositary shares or Class A ordinary shares.
Following the latest decision, the open financial technology platform might repurchase upto $3 million of its ADSs or Class A ordinary shares during the next one year.
The company intends to fund the program with its existing cash balance.
For comments and feedback: editorial@rttnews.com