Looks like some good news!
Our Board of Directors today authorized a new share repurchase program under which we may repurchase up to US$30 million worth of our ADS in three years. Our cash positions remain strong. As of September 30, 2022, our cash, cash equivalents, restricted cash and the short-term investments totaled approximately 3.3 billion.
I also intended to purchase up to US$20 million worth of our shares, demonstrates our management's unwavering confidence in the future development of our company. Finally, I'm very happy and proud to share with you that on October 19, 2022, we received a closing letter from the SEC regarding its investigation related to a number of short sellers' reports from approximately early- to mid- 2020, and that we had a previous disclosing our annual report for the fiscal year of '20 and '21. In the letter, the SEC notified us that it had concluded its investigation into our company and that based on the information it had as of the date of its letter, the SEC did not intend to recommend an enforcement action against us. Integrity is our core corporate value.
I also intended to purchase up to US$20 million worth of our shares, demonstrates our management's unwavering confidence in the future development of our company. Finally, I'm very happy and proud to share with you that on October 19, 2022, we received a closing letter from the SEC regarding its investigation related to a number of short sellers' reports from approximately early- to mid- 2020, and that we had a previous disclosing our annual report for the fiscal year of '20 and '21. In the letter, the SEC notified us that it had concluded its investigation into our company and that based on the information it had as of the date of its letter, the SEC did not intend to recommend an enforcement action against us. Integrity is our core corporate value.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
