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- Huize's (NASDAQ:HUIZ) board authorized a stock buyback program to buy back up to US$5M class A common shares in the form of American depositary shares (ADSs) over the next one year.
- The Chinese insurance brokerage services provider expects to fund the buyback from its existing cash balance and money generated from operations.
- "We are pleased to announce this new share repurchase program, which, similar to the share repurchase programs that we adopted in April 2020 and March 2022, underscores the confidence we have in our business model and the long-term growth prospects of Huize," said Huize's Chairman and CEO Cunjun Ma.