Jinxin Technology Announces US$2 Million Share Repurchase Program

Jinxin Technology Holding Company, a digital content service provider based in China, has announced a share repurchase program authorized by its board of directors. The program allows the company to repurchase up to US$2 million worth of its ordinary shares, including American depositary shares, over a period of one year ending October 21, 2026. The repurchases will be made through various means such as open market transactions, privately negotiated deals, and block trades, depending on market conditions and in compliance with applicable regulations. The company plans to fund the repurchases using its existing cash balance. Management believes the current market price does not reflect the intrinsic value and long-term growth potential of the business, and the repurchase program demonstrates confidence in the company's strategic direction and commitment to delivering shareholder value.