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Stock impact report

Huize Authorizes US$5 Million Share Repurchase Program

Huize Holding Limited - American Depositary Shares (HUIZ) 
Company Research Source: GlobeNewswire
SHENZHEN, China, March 17, 2023 (GLOBE NEWSWIRE) -- Huize Holding Limited, (“Huize”, the “Company” or “we”) (NASDAQ: HUIZ), a leading digital insurance product and service platform for new generation consumers in China, today announced that its Board of Directors (“the Board”) has authorized a share repurchase program under which Huize may repurchase up to US$5 million of its Class A common shares in the form of American depositary shares over the next 12 months, subject to relevant rules under the Securities Exchange Act of 1934, as amended, and Huize’s insider trading policy. Mr. Cunjun Ma, Chairman and Chief Executive Officer of Huize, commented, “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. We remain committed to delivering value to our shareholders while maintaining a Show less Read more
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