iMotion Automotive Technology (Suzhou) Co., Ltd. Class H (HK:1274) has released an update.
iMotion Automotive Technology (Suzhou) Co., Ltd. has announced its intention to use its Share Repurchase Mandate to buy back up to RMB100 million worth of its H Shares from the open market, a move signaling confidence in the company’s future and designed to add value for shareholders. These repurchased shares will be held as treasury shares for future use in equity incentives or other approved purposes. The decision to repurchase, which is subject to market conditions and regulatory approvals, highlights the company’s belief in its strong financial position while maintaining the flexibility of its financial resources.
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