BEIJING, Dec. 8, 2021 /PRNewswire/ -- RLX Technology Inc.
("RLX Technology" or the "Company") (NYSE: RLX), a leading branded
e-vapor company in China, today
announced that its board of directors has authorized a share
repurchase program under which the Company may repurchase up to
US$500 million of its shares over a
period until December 31,
2023.
The Company's proposed repurchases may be made 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
in accordance with applicable rules and regulations. The Company's
board of directors will review the share repurchase program
periodically, and may authorize adjustment of its terms and size.
The Company expects to fund the repurchases out of its existing
cash balance.
About RLX Technology Inc.
RLX Technology Inc. (NYSE: RLX) is a leading branded e-vapor
company in China. The Company
leverages its strong in-house technology and product development
capabilities and in-depth insights into adult smokers' needs to
develop superior e-vapor products. RLX Technology Inc. sells its
products through an integrated offline distribution and "branded
store plus" retail model tailored to China's e-vapor market.
For more information, please visit: http://ir.relxtech.com.
Safe Harbor Statement
This announcement contains forward-looking statements. These
statements are made under the "safe harbor" provisions of the U.S.
Private Securities Litigation Reform Act of 1995. These
forward-looking statements can be identified by terminology such as
"may," "will," "expect," "anticipate," "aim," "estimate," "intend,"
"plan," "believe," "is/are likely to," "potential," "continue" and
similar statements. Among other things, business outlook and
quotations from management in this announcement, as well as the
Company's strategic and operational plans, contain forward-looking
statements. The Company may also make written or oral
forward-looking statements in its periodic reports to the U.S.
Securities and Exchange Commission, 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
but not limited to statements about the Company'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: the Company's growth strategies; its
future business development, results of operations and financial
condition; trends and competition in China's e-vapor market; changes in its
revenues and certain cost or expense items; PRC governmental
policies, laws and regulations relating to the Company's industry,
and general economic and business conditions globally and in
China and assumptions underlying
or related to any of the foregoing. Further information regarding
these risks, uncertainties or factors is included in the Company's
filings with the U.S. Securities and Exchange Commission. All
information provided in this press release and in the attachments
is current as of the date of this press release, and the Company
does not undertake any obligation to update such information,
except as required under applicable law.
For more information, please contact:
In China:
RLX Technology Inc.
Head of Investor Relations
Sam Tsang
Email: ir@relxtech.com
The Piacente Group, Inc.
Jenny Cai
Tel: +86-10-6508-0677
Email: RLX@tpg-ir.com
In the United States:
The Piacente Group, Inc.
Brandi Piacente
Tel: +1-212-481-2050
Email: RLX@tpg-ir.com
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SOURCE RLX Technology Inc.