Viomi Technology extends $10M share repurchase plan

Viomi Technology announced that, its board of directors has approved an extension of its existing share repurchase plan for another 12 months, under which the company may repurchase up to $10M worth of its American Depositary Shares, or ADSs, for a period from October 25 to October 24. From the launch of the share repurchase plan to the date of this press release, the company in aggregate purchased approximately $415,289 worth of its ADSs in the open market pursuant to its share repurchase plan. The company expects to fund the repurchases under the Share Repurchase Plan with its existing cash balance.