{"id":764536,"date":"2023-06-20T05:04:43","date_gmt":"2023-06-20T09:04:43","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/qifu-technology-announces-us150-million-share-repurchase-plan\/"},"modified":"2023-06-20T05:04:43","modified_gmt":"2023-06-20T09:04:43","slug":"qifu-technology-announces-us150-million-share-repurchase-plan","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/qifu-technology-announces-us150-million-share-repurchase-plan\/","title":{"rendered":"Qifu Technology Announces US$150 Million Share Repurchase Plan"},"content":{"rendered":"
\n

SHANGHAI, China, June 20, 2023 (GLOBE NEWSWIRE) — Qifu Technology, Inc. (NASDAQ: QFIN; HKEx: 3660) (\u201cQifu Technology\u201d or the \u201cCompany\u201d), a leading Credit-Tech platform in China, today announced that as part of the Company\u2019s continuous commitment to enhance shareholder value, its board of directors has approved a share repurchase plan, under which the Company may repurchase up to US$150 million worth of its American depositary shares or Class A ordinary shares over the next 12 months starting from June 20, 2023.<\/p>\n

The share repurchases may be effected 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 will be implemented in accordance with applicable rules and regulations.<\/p>\n

Mr. Haisheng Wu, Chief Executive Officer and Director of Qifu Technology, said, \u201cthe Company\u2019s new share repurchase program demonstrates our confidence in our business outlook and reflects our commitment to maximizing long-term shareholder value.\u201d<\/p>\n

\n About Qifu Technology<\/strong>\n <\/p>\n

Qifu Technology is a Credit-Tech platform in China that provides a comprehensive suite of technology services to assist financial institutions and consumers and SMEs in the loan lifecycle, ranging from borrower acquisition, preliminary credit assessment, fund matching and post-facilitation services. The Company is dedicated to making credit services more accessible and personalized to consumers and SMEs through Credit-Tech services to financial institutions.<\/p>\n

For more information, please visit: ir.qifu.tech<\/a>.<\/p>\n

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

Any forward-looking statements contained in this announcement are made under the \u201csafe harbor\u201d provisions of the U.S. Private Securities Litigation Reform Act of 1995. 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 and similar statements. Among other things, the business outlook and quotations from management in this announcement, as well as the Company\u2019s strategic and operational plans, contain forward-looking statements. Qifu Technology may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (\u201cSEC\u201d), in announcements made on the website of The Stock Exchange of Hong Kong Limited (the \u201cHong Kong Stock Exchange\u201d), in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including the Company\u2019s business outlook, beliefs and expectations, are 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, which factors include but not limited to the following: the Company\u2019s growth strategies, the Company\u2019s cooperation with 360 Group, changes in laws, rules and regulatory environments, the recognition of the Company\u2019s brand, market acceptance of the Company\u2019s products and services, trends and developments in the credit-tech industry, governmental policies relating to the credit-tech industry, general economic conditions in China and around the globe, and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks and uncertainties is included in Qifu Technology\u2019s filings with the SEC and announcements on the website of the Hong Kong Stock Exchange. All information provided in this press release is as of the date of this press release, and Qifu Technology does not undertake any obligation to update any forward-looking statement, except as required under applicable law.<\/p>\n

\n For more information, please contact:<\/strong>\n <\/p>\n

Qifu Technology\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0
E-mail: ir@360shuke.com<\/a><\/p>\n

Christensen<\/p>\n

In China
Mr. Eric Yuan
Phone: +86-138-0111-0739
E-mail: eric.yuan@christensencomms.com<\/a><\/p>\n

In US
Ms. Linda Bergkamp
Phone: +1-480-614-3004
Email: linda.bergkamp@christensencomms.com<\/a><\/p>\n

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

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

SHANGHAI, China, June 20, 2023 (GLOBE NEWSWIRE) — Qifu Technology, Inc. (NASDAQ: QFIN; HKEx: 3660) (\u201cQifu Technology\u201d or the \u201cCompany\u201d), a leading Credit-Tech platform in China, today announced that as part of the Company\u2019s continuous commitment to enhance shareholder value, its board of directors has approved a share repurchase plan, under which the Company may repurchase up to US$150 million worth of its American depositary shares or Class A ordinary shares over the next 12 months starting from June 20, 2023. The share repurchases may be effected 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 will be implemented … <\/p>\n

Continue reading “Qifu Technology Announces US$150 Million Share Repurchase Plan”<\/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-764536","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nQifu Technology Announces US$150 Million Share Repurchase Plan - 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\/qifu-technology-announces-us150-million-share-repurchase-plan\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Qifu Technology Announces US$150 Million Share Repurchase Plan - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"SHANGHAI, China, June 20, 2023 (GLOBE NEWSWIRE) — Qifu Technology, Inc. (NASDAQ: QFIN; HKEx: 3660) (\u201cQifu Technology\u201d or the \u201cCompany\u201d), a leading Credit-Tech platform in China, today announced that as part of the Company\u2019s continuous commitment to enhance shareholder value, its board of directors has approved a share repurchase plan, under which the Company may repurchase up to US$150 million worth of its American depositary shares or Class A ordinary shares over the next 12 months starting from June 20, 2023. The share repurchases may be effected 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 will be implemented … Continue reading "Qifu Technology Announces US$150 Million Share Repurchase Plan"\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/qifu-technology-announces-us150-million-share-repurchase-plan\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2023-06-20T09:04:43+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODg2MDk4MCM1NjU1MDUzIzIxMjU1Njg=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/qifu-technology-announces-us150-million-share-repurchase-plan\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/qifu-technology-announces-us150-million-share-repurchase-plan\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Qifu Technology Announces US$150 Million Share Repurchase Plan\",\"datePublished\":\"2023-06-20T09:04:43+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/qifu-technology-announces-us150-million-share-repurchase-plan\\\/\"},\"wordCount\":602,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/qifu-technology-announces-us150-million-share-repurchase-plan\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODg2MDk4MCM1NjU1MDUzIzIxMjU1Njg=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/qifu-technology-announces-us150-million-share-repurchase-plan\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/qifu-technology-announces-us150-million-share-repurchase-plan\\\/\",\"name\":\"Qifu Technology Announces US$150 Million Share Repurchase Plan - 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