ECARX (ECX) Announces US$20,000,000 Share Repurchase Program

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Go back to ECARX (ECX) Announces US$20,000,000 Share Repurchase Program

ECARX Announces US$20,000,000 Share Repurchase Program

December 20, 2024 7:00 AM EST

SHANGHAI, Dec. 20, 2024 (GLOBE NEWSWIRE) -- ECARX Holdings, Inc. (Nasdaq: ECX) (ECARX or the Company), a global mobility tech provider, today announced its board of directors has authorized a share repurchase program under which the Company may repurchase up to US$20,000,000 of its ordinary shares until the close of business on September 30, 2025, U.S. Eastern Time. The Company plans to adopt and implement this share repurchase program in accordance with applicable rules and requirements under the Securities Exchange Act of 1934, as amended, and the Companys insider trading policy.

The Companys proposed... More