Jinxin Announces US$2 Million Share Repurchase Program
Rhea-AI Summary
Jinxin Technology Holding Company (Nasdaq: NAMI) announced a board-authorized share repurchase program of up to US$2 million effective through October 21, 2026. Repurchases may include ordinary shares or American depositary shares and can occur on the open market, in block trades, privately negotiated transactions, or other legally permissible means in compliance with Rule 10b-18, Rule 10b5-1, the Exchange Act and the company insider trading policy.
The company expects to fund repurchases from its existing cash balance. The board may adjust, suspend or terminate the program at any time; the program does not obligate the company to buy any specific number of shares. Management said the buyback reflects confidence in the company’s value and strategy and will be balanced with continued investment in AI-led education and digital content technologies.
Positive
- Authorized repurchase up to US$2.0 million
- Repurchase window through October 21, 2026
- Repurchases funded from existing cash balance
Negative
- Program not obligated to acquire any shares
- Board may modify, suspend or terminate the program at any time
News Market Reaction 2 Alerts
On the day this news was published, NAMI gained 5.52%, reflecting a notable positive market reaction. Argus tracked a trough of -6.0% from its starting point during tracking. Our momentum scanner triggered 2 alerts that day, indicating moderate trading interest and price volatility. This price movement added approximately $3M to the company's valuation, bringing the market cap to $66M at that time. Trading volume was above average at 1.8x the daily average, suggesting increased trading activity.
Data tracked by StockTitan Argus on the day of publication.
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 manner, timing and amount of any share repurchases will be subject to various factors including the requirements under Rule 10b-18 and/or Rule 10b5-1 of the Exchange Act. The Company's board of directors will review the share repurchase program periodically, and may authorize adjustment of its terms and size or suspend or discontinue the program. The Company expects to fund the repurchases out of its existing cash balance.
The share repurchase program does not obligate the Company to acquire any particular number of shares, and the share repurchase program may be modified, suspended or terminated at any time at the management's discretion.
Management Commentary
"We believe that the current market price of our shares does not fully reflect the intrinsic value and long-term growth potential of our business," said Mr. Jin XU, Chairman of the Board and Chief Executive Officer of Jinxin Technology Holding Company. "This share repurchase program reflects our confidence in Jinxin's strategic direction, solid fundamentals, and our commitment to delivering sustainable value for shareholders."
"With a strong balance sheet and healthy cash position, we are well positioned to execute this share repurchase program while continuing to invest in AI-led education technologies that enhance user engagement and content experience, as well as digital content technologies that support our long-term growth," added Mr. Jun Jiang, Chief Operating Officer of Jinxin Technology Holding Company. "We remain focused on creating long-term shareholder value as we continue to strengthen our position in the rapidly evolving digital content ecosystem."
About Jinxin Technology Holding Company
Jinxin is an innovative digital content service provider in China, with sustainable long-term growth. Leveraging our powerful digital content generation engine powered by advanced AI/AR/VR/digital human technologies, we are committed to offering our users high-quality digital content services through both our own platform and the content distribution channels of our strong partners.
For more information, please visit: https://ir.namibox.com/index/.
Safe Harbor Statement
This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the
For investor and media inquiries, please contact:
Jinxin Technology Holding Company
Investor Relations Department
Email: ir@namibox.com
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SOURCE Jinxin Technology Holding Company