{"id":494752,"date":"2021-05-18T06:49:29","date_gmt":"2021-05-18T10:49:29","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/baozun-announces-us125-million-share-repurchase-program\/"},"modified":"2021-05-18T06:49:29","modified_gmt":"2021-05-18T10:49:29","slug":"baozun-announces-us125-million-share-repurchase-program","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/baozun-announces-us125-million-share-repurchase-program\/","title":{"rendered":"Baozun Announces US$125 million Share Repurchase Program"},"content":{"rendered":"
\n

SHANGHAI, China, May 18, 2021 (GLOBE NEWSWIRE) — Baozun Inc. (Nasdaq: BZUN and HKEX: 9991) (\u201cBaozun\u201d or the \u201cCompany\u201d), the leading brand e-commerce service partner that helps brands execute their e-commerce strategies in China, today announced that its board of directors has authorized a share repurchase program under which the Company may repurchase up to US$125 million worth of its outstanding (i) American depositary shares (\u201cADSs\u201d), each representing three Class A ordinary shares, and\/or (ii) Class A ordinary shares over the next 12 months starting from May 18, 2021.<\/p>\n

The Company\u2019s proposed repurchases may be made from time to time on the open market at prevailing market prices, in privately negotiated transactions, in block trades and\/or through other legally permissible means, depending on market conditions and in accordance with applicable rules and regulations. The Company\u2019s board of directors will review the share repurchase program periodically and may authorize adjustment of its terms and size. The Company plans to fund repurchases from its existing cash balance.<\/p>\n

\n Safe Harbor Statements <\/strong>\n <\/p>\n

This press release contains forward-looking statements. These statements are made under the \u201csafe harbor\u201d provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as \u201cwill,\u201d \u201cexpects,\u201d \u201canticipates,\u201d \u201cfuture,\u201d \u201cintends,\u201d \u201cplans,\u201d \u201cbelieves,\u201d \u201cestimates,\u201d \u201cpotential,\u201d \u201ccontinue,\u201d \u201congoing,\u201d \u201ctargets,\u201d \u201cguidance,\u201d \u201cgoing forward,\u201d \u201coutlook\u201d and similar statements. Statements that are not historical facts, including statements about the Company\u2019s strategies and goals, are or contain forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: the Company\u2019s operations and business prospects; the Company\u2019s business and operating strategies and its ability to implement such strategies; the Company\u2019s ability to develop and manage its operations and business; competition for, among other things, capital, technology and skilled personnel; the Company\u2019s ability to control costs; the Company\u2019s dividend policy; changes to regulatory and operating conditions in the industry and geographical markets in which the Company operates; and other risks and uncertainties. Further information regarding these and other risks, uncertainties or factors is included in the Company\u2019s filings with the U.S. Securities and Exchange Commission and the Company\u2019s announcements, notice or other documents published on the website of The Stock Exchange of Hong Kong Limited. All information provided in this press release is as of the date of this press release and is based on assumptions that the Company believes to be reasonable as of this date, and the Company does not undertake any obligation to update any forward-looking statement, except as required under the applicable law.<\/p>\n

\n About Baozun Inc.<\/strong>\n <\/p>\n

Baozun Inc. is the leader and a pioneer in the brand e-commerce service industry in China. Baozun empowers a broad and diverse range of brands to grow and succeed by leveraging its end-to-end e-commerce service capabilities, omni-channel coverage and technology-driven solutions. Its integrated one-stop solutions address all core aspects of the e-commerce operations covering IT solutions, online store operations, digital marketing, customer services, and warehousing and fulfillment.<\/p>\n

For more information, please visit http:\/\/ir.baozun.com<\/a>.<\/p>\n

For investor and media inquiries, please contact:<\/p>\n

\n Baozun Inc.<\/strong>
\n
Ms. Wendy Sun
Email: ir@baozun.com<\/p>\n

\n Christensen<\/strong>
\n
In China
Mr. Rene Vanguestaine
Phone: +852-6686-1376
E-mail: rvanguestaine@christensenir.com<\/p>\n

In U.S.
Ms. Linda Bergkamp
Phone: +1-480-614-3004
Email: lbergkamp@ChristensenIR.com<\/p>\n


\n
\n \n <\/div>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

SHANGHAI, China, May 18, 2021 (GLOBE NEWSWIRE) — Baozun Inc. (Nasdaq: BZUN and HKEX: 9991) (\u201cBaozun\u201d or the \u201cCompany\u201d), the leading brand e-commerce service partner that helps brands execute their e-commerce strategies in China, today announced that its board of directors has authorized a share repurchase program under which the Company may repurchase up to US$125 million worth of its outstanding (i) American depositary shares (\u201cADSs\u201d), each representing three Class A ordinary shares, and\/or (ii) Class A ordinary shares over the next 12 months starting from May 18, 2021. The Company\u2019s proposed repurchases may be made from time to time on the open market at prevailing market prices, in privately negotiated transactions, in block trades and\/or through other legally permissible … <\/p>\n

Continue reading “Baozun Announces US$125 million Share Repurchase Program”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-494752","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nBaozun Announces US$125 million Share Repurchase Program - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/baozun-announces-us125-million-share-repurchase-program\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Baozun Announces US$125 million Share Repurchase Program - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"SHANGHAI, China, May 18, 2021 (GLOBE NEWSWIRE) — Baozun Inc. 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