Jumei Announces Share Repurchase Plan
May 28 2019 - 6:00AM
Jumei International Holding Limited (NYSE: JMEI) ("Jumei" or the
"Company"), a fashion and lifestyle solutions provider in China,
today announced that its board of directors has authorized a share
repurchase plan under which the Company may repurchase up to US$100
million of its shares over the next 12 months. The share
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. Jumei's board of directors will review the
share repurchase plan periodically, and may authorize adjustment of
its terms and size. The Company expects to fund repurchases made
under this plan from its existing funds.
Safe Harbor Statement
Any forward-looking statements contained in this announcement
are made under the "safe harbor" provisions of the U.S. Private
Securities Litigation Reform Act of 1995. Forward-looking
statements can be identified by terminology such as "will,"
"expects," "anticipates," "future," "intends," "plans," "believes,"
"estimates" and similar statements. Jumei may also make written or
oral forward-looking statements in its reports to the U.S.
Securities and Exchange Commission ("SEC") on Forms 20-F and 6-K,
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 statements about Jumei's 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. Further information
regarding such risks and uncertainties is included in Jumei's
filings with the SEC, including its annual report on Form 20-F. All
information provided in this press release and in the attachments
is as of the date of this press release, and Jumei does not
undertake any obligation to update any forward-looking statement,
except as required under applicable law.
About Jumei International Holding Limited
Jumei (NYSE: JMEI) is a fashion and lifestyle solutions provider
with a diversified portfolio of products on offer in China. Jumei
sells branded beauty, baby, children and maternity products, light
luxury products, as well as health supplements through its
e-commerce platform. Jumei has invested in adjacent fashion and
lifestyle businesses such as Jiedian, a mobile device power bank
operating company, and TV drama series production, to expand its
service offerings. These investments will further expand and
strengthen Jumei's ecosystem as it seeks to benefit from China's
transition into the new retail era.
For investor and media inquiries, please
contact:
Christensen In China Mr. Christian
Arnell Phone: +86-10-5900-1548
E-mail: carnell@christensenir.com
In United States Ms. Linda Bergkamp Phone:
+1-480-614-3004 Email: lbergkamp@christensenir.com
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