Qudian Inc. Announces up to US$300 Million Share Repurchase Program
Qudian Inc. Announces up to US$300 Million Share Repurchase Program
XIAMEN, China, March 18, 2024 /PRNewswire/ -- Qudian Inc. ("Qudian" or "the Company" or "We") (NYSE: QD), a consumer-oriented technology company, today announced that its board of directors has authorized a share repurchase program under which the Company may repurchase up to US$300 million worth of its outstanding (i) American depositary shares ("ADSs"), each representing one Class A ordinary share, and/or (ii) Class A ordinary shares over the next 36 months starting from June 13, 2024.
中国厦门,2024年3月18日 /PRNewswire/ — 以消费者为导向的科技公司趣店公司(“趣店” 或 “公司” 或 “我们”)(纽约证券交易所代码:QD)今天宣布,其董事会已批准一项股票回购计划,根据该计划,公司可以回购其已发行的(i)股美国存托股份(“ADS”),每股价值不超过3亿美元代表自2024年6月13日起的未来36个月内的一股A类普通股和/或(ii)A类普通股。
Under the share repurchase program, the Company may repurchase its ADSs from time to time through open market transactions at prevailing market prices, privately negotiated transactions, block trades or any combination thereof. In addition, the Company will also effect repurchase transactions in compliance with Rule 10b5-1 and/or Rule 10b-18 under the Securities Exchange Act of 1934, as amended, and its insider trading policy. The number of ADSs repurchased and the timing of repurchases will depend on a number of factors, including, but not limited to, share price, trading volume and general market conditions, along with the Company's working capital requirements and general business conditions. The Company's board of directors will review the share repurchase program periodically, and may authorize adjustment of its terms and size. The Company plans to fund the repurchases from its existing cash balance and does not expect the repurchase program to adversely affect its existing business strategies.
根据股票回购计划,公司可以不时通过公开市场交易,以现行市场价格回购其ADS,私下协商交易,大宗交易或其任何组合。此外,公司还将根据经修订的1934年《证券交易法》第10b5-1条和/或第10b-18条及其内幕交易政策进行回购交易。回购的ADS数量和回购的时间将取决于多种因素,包括但不限于股价、交易量和总体市场状况,以及公司的营运资金要求和总体业务状况。公司董事会将定期审查股票回购计划,并可能授权调整其条款和规模。该公司计划从其现有现金余额中为回购提供资金,预计回购计划不会对其现有业务战略产生不利影响。
About Qudian Inc.
关于 Qudian Inc.
Qudian is a consumer-oriented technology company. The Company historically focused on providing credit solutions to consumers. Qudian is exploring innovative logistics services to satisfy consumers' demand for e-commerce transactions by leveraging its technology capabilities.
Qudian是一家以消费者为导向的科技公司。该公司历来专注于为消费者提供信贷解决方案。Qudian正在探索创新的物流服务,利用其技术能力来满足消费者对电子商务交易的需求。
Safe Harbor Statement
安全港声明
This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. Among other things, the expectation of its collection efficiency and delinquency, contain forward-looking statements. Qudian may also make written or oral forward-looking statements in its periodic reports to the SEC, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about Qudian's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: Qudian's goal and strategies; Qudian's expansion plans; Qudian's future business development, financial condition and results of operations; Qudian's expectations regarding demand for, and market acceptance of, its products; Qudian's expectations regarding keeping and strengthening its relationships with customers, business partners and other parties it collaborates with; general economic and business conditions; and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in Qudian's filings with the SEC. All information provided in this press release and in the attachments is as of the date of this press release, and Qudian does not undertake any obligation to update any forward-looking statement, except as required under applicable law.
本公告包含前瞻性陈述。这些声明是根据1995年《美国私人证券诉讼改革法》的 “安全港” 条款作出的。这些前瞻性陈述可以通过 “将”、“期望”、“预期”、“未来”、“打算”、“计划”、“相信”、“估计” 等术语和类似陈述来识别。除其他外,对其收款效率和拖欠的预期包含前瞻性陈述。Qudian还可以在向美国证券交易委员会提交的定期报告、向股东提交的年度报告、新闻稿和其他书面材料以及其高管、董事或雇员向第三方作出的口头陈述中作出书面或口头的前瞻性陈述。非历史事实的陈述,包括有关Qudian信仰和期望的陈述,均为前瞻性陈述。前瞻性陈述涉及固有的风险和不确定性。许多因素可能导致实际业绩与任何前瞻性陈述中包含的业绩存在重大差异,包括但不限于以下因素:Qudian的目标和战略;Qudian的扩张计划;Qudian的未来业务发展、财务状况和经营业绩;Qudian对其产品的需求和市场接受度的预期;Qudian对保持和加强与客户、业务伙伴和其他合作方关系的期望;概述经济和业务状况;以及基于或与上述任何内容相关的假设。有关这些风险和其他风险的更多信息包含在Qudian向美国证券交易委员会提交的文件中。本新闻稿和附件中提供的所有信息均截至本新闻稿发布之日,除非适用法律要求,否则Qudian不承担任何更新任何前瞻性陈述的义务。
For investor and media inquiries, please contact:
投资者和媒体垂询,请联系:
In China:
Qudian Inc.
Tel: +86-592-596-8208
E-mail: [email protected]
在中国:
Qudian Inc.
电话:+86-592-596-8208
电子邮件:[电子邮件保护]
SOURCE Qudian Inc.
来源 Qudian Inc.