Xunlei Announces $20M Share Repurchase Program Of Its ADSs Or Common Shares Over The Next 12 Months

Xunlei Limited ("Xunlei" or the "Company") (NASDAQ:XNET), a leading technology company providing distributed cloud services in China, today announced that the board of directors of the Company (the "Board") has approved a new share repurchase program under which the Company may repurchase up to US$20 million of its ADSs or common shares over the next 12 months (the "2024 Share Repurchase Program"). The Board will review the 2024 Share Repurchase Program periodically and, if necessary, adjust its size and terms as necessary.

 

In June 2023, Xunlei announced that the Board approved and adopted a share repurchase program, which authorized the Company to repurchase up to US$20 million of its shares over the next 12 months. As of March 31, 2024, the Company had spent approximately US$4.7 million on the share repurchases under this share repurchase program.