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VIOT Buyback image

Viomi Technology Co., Ltd Buyback

OLI recorded this information on 10/23/2023

Company: Viomi Technology Co., Ltd
Buyback: VIOT buyback
$Amount Authorized: $10,000,000
Buyback Details: Viomi Technology Co., Ltd ("Viomi" or the "Company") (NASDAQ: VIOT), a leading IoT @ Home technology company in China, today announced that, as a part of the Company's continuous commitment to enhancing shareholder value, its board of directors has approved an extension of its existing share repurchase plan for another 12 months, under which the Company may repurchase up to US$10 million worth of its American Depositary Shares (ADSs) for a period from October 25, 2022, to October 24, 2024. From the launch of the share repurchase plan to the date of this press release, the Company in aggregate purchased approximately US$415,289 worth of its ADSs in the open market pursuant to its share repurchase plan. The Company expects to fund the repurchases under the Share Repurchase Plan with its existing cash balance.

Viomi Technology is a holding company. Through its subsidiaries and variable interest entities, Co. is engaged in the operation of developing and selling Internet-of-things (IoT)-enabled smart home products in the People's Republic of China. Co.'s IoT @ Home portfolio can be divided into smart kitchen products and other smart products. Co.'s smart kitchen products include refrigerators, oven steamers, dishwashers, range hoods and gas stoves. Co. also provides a range of IoT products such as, air conditioning systems, washing machines, water heaters, smart water kettles, sweeper robots, smart locks and other smart devices, among others.
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VIOT — Key Stats (updated 5 hours, 4 minutes ago)
Company Name:  Viomi Technology Co Ltd
Stock buyback:  VIOT buyback
Website:  www.viomi.com.cn
Sector:  Consumer Goods
 

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April 26, 2024  •  4:33 PM Eastern
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Hold (2.50 out of 4)
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