BEIJING, Aug. 27, 2024 (GLOBE NEWSWIRE) — JD.com, Inc. (“JD.com” or the “Company”) (NASDAQ: JD and HKEX: 9618 (HKD counter) and 89618 (RMB counter)), a leading supply chain-based technology and services provider, today announced that its board of directors (the “Board”) has approved a new share repurchase program (the “New Share Repurchase Program”), effective from September 2024. Under the New Share Repurchase Program, the Company may repurchase up to US$5.0 billion of its own shares (including ADSs) over the next 36 months until the end of August 2027.
The Company’s proposed repurchases may be made from time to time in the open market at prevailing market prices, in privately negotiated transactions, in block trades and/or in any other manner permitted by law, depending on market conditions and in accordance with applicable rules and regulations. The Board of Directors will periodically review the share repurchase program and may approve adjustments to its terms and scope.
About JD.com
JD.com is a leading provider of supply chain-based technology and services. The company’s state-of-the-art retail infrastructure is designed to enable consumers to buy what they want, when and where they want. The company has made its technology and infrastructure available to partners, brands and other industries as part of its Retail-as-a-Service offering to drive productivity and innovation across a range of industries.
For investor and media inquiries please contact:
Investor information
Sean Zhang
+86 (10) 8912-6804
[email protected]
Press contact
+86 (10) 8911-6155
[email protected]
Safe Harbor Statement
This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” “confident” and similar statements. JD.com may also make written or oral forward-looking statements in its periodic reports filed with the U.S. Securities and Exchange Commission (the “SEC”), in announcements on the website of the Stock Exchange of Hong Kong Limited, 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 JD.com’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. Numerous factors could cause actual results to differ materially from those in the forward-looking statements, including, but not limited to, the following: JD.com’s growth strategies; the Company’s future business performance, results of operations and financial condition; the ability to attract and retain new customers and increase revenue from existing customers; expectations regarding demand for and market acceptance of its products and services; trends and competition in the Chinese e-commerce market; changes in its revenues and certain cost or expense items; the expected growth of the Chinese e-commerce market; laws, regulations and government policies relating to the industries in which JD.com or its business partners operate; possible changes in laws, regulations and government policies or changes in the interpretation and implementation of laws, regulations and government policies that could adversely affect the industries in which JD.com or its business partners operate, including, without limitation, initiatives to improve oversight of companies listed on a foreign stock exchange and to tighten controls on data privacy and security; Risks related to JD.com’s acquisitions, investments and alliances, including fluctuations in the market value of JD.com’s investment portfolio, natural disasters and geopolitical events, changes in tax rates and financial risks, intensity of competition, and general market and economic conditions in China and globally. For more information on these and other risks, please refer to JD.com’s filings with the SEC and announcements on the website of the Stock Exchange of Hong Kong Limited. All information provided herein is as of the date of this announcement and JD.com undertakes no obligation to update any forward-looking statements, except as required by applicable law.
