Qifu Technology Announces US$150 Million Share Repurchase Plan
20 Juin 2023 - 11:00AM
Qifu Technology, Inc. (NASDAQ: QFIN; HKEx: 3660) (“Qifu Technology”
or the “Company”), a leading Credit-Tech platform in China, today
announced that as part of the Company’s continuous commitment to
enhance shareholder value, its board of directors has approved a
share repurchase plan, under which the Company may repurchase up to
US$150 million worth of its American depositary shares or Class A
ordinary shares over the next 12 months starting from June 20,
2023.
The share repurchases may be effected from time
to time on the open market at prevailing market prices, in
privately negotiated transactions, in block trades and/or through
other legally permissible means, depending on market conditions and
will be implemented in accordance with applicable rules and
regulations.
Mr. Haisheng Wu, Chief Executive Officer and
Director of Qifu Technology, said, “the Company’s new share
repurchase program demonstrates our confidence in our business
outlook and reflects our commitment to maximizing long-term
shareholder value.”
About Qifu Technology
Qifu Technology is a Credit-Tech platform in
China that provides a comprehensive suite of technology services to
assist financial institutions and consumers and SMEs in the loan
lifecycle, ranging from borrower acquisition, preliminary credit
assessment, fund matching and post-facilitation services. The
Company is dedicated to making credit services more accessible and
personalized to consumers and SMEs through Credit-Tech services to
financial institutions.
For more information, please visit:
ir.qifu.tech.
Safe Harbor Statement
Any forward-looking statements contained in this
announcement are made under the “safe harbor” provisions of the
U.S. Private Securities Litigation Reform Act of 1995.
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 business outlook and quotations from management in this
announcement, as well as the Company’s strategic and operational
plans, contain forward-looking statements. Qifu Technology may also
make written or oral forward-looking statements in its periodic
reports to the U.S. Securities and Exchange Commission (“SEC”), in
announcements made on the website of The Stock Exchange of Hong
Kong Limited (the “Hong Kong Stock Exchange”), 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
the Company’s business outlook, 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, which factors include but not limited to
the following: the Company’s growth strategies, the Company’s
cooperation with 360 Group, changes in laws, rules and regulatory
environments, the recognition of the Company’s brand, market
acceptance of the Company’s products and services, trends and
developments in the credit-tech industry, governmental policies
relating to the credit-tech industry, general economic conditions
in China and around the globe, and assumptions underlying or
related to any of the foregoing. Further information regarding
these and other risks and uncertainties is included in Qifu
Technology’s filings with the SEC and announcements on the website
of the Hong Kong Stock Exchange. All information provided in this
press release is as of the date of this press release, and Qifu
Technology does not undertake any obligation to update any
forward-looking statement, except as required under applicable
law.
For more information, please
contact:
Qifu
Technology E-mail:
ir@360shuke.com
Christensen
In ChinaMr. Eric YuanPhone:
+86-138-0111-0739E-mail: eric.yuan@christensencomms.com
In US Ms. Linda BergkampPhone:
+1-480-614-3004Email: linda.bergkamp@christensencomms.com
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