Summary by Moomoo AI
On September 10, 2024, WuXi AppTec held the 13th meeting of the Board of Directors of the third session. All directors attended and approved the proposal to repurchase Class A shares through centralized bidding. The repurchase plan will use 1 billion yuan of funds and the repurchased shares will be cancelled and the registered capital will be reduced. This decision follows the completion of two previous A-share repurchases totaling 2 billion yuan on February 5th and May 22nd, and aims to further safeguard the company's value and shareholder's rights. The board of directors has obtained authorization from the annual general meeting of shareholders and the A-share and H-share category of shareholders' meetings, and has agreed to authorize the Chief Financial Officer to handle the repurchase matters. The repurchase plan has been reviewed and approved by the Strategic Committee and will be announced on the Shanghai Stock Exchange website and designated media after the meeting.
