SHENZHEN, China, Dec. 30, 2024 (GLOBE NEWSWIRE) — Aurora Mobile Limited (NASDAQ: NASDAQ: ) (Aurora Mobile or the Company), a leading provider of customer engagement services and marketing technology in China, today announced the approval of a share repurchase program.
On December 30, 2024, the Company’s Board of Directors approved a share repurchase program under which the Company is authorized to repurchase up to US$5 million of its common stock (including in the form of American Depositary Shares) during the 12-month period beginning on January 1, 2025.
Proposed repurchases by the Company may be made from time to time in the open market at prevailing market prices, in privately negotiated transactions, in block deals and/or other legally permitted means, depending on market conditions and in accordance with applicable rules and regulations. The Company’s Board of Directors will periodically review the share buyback program and may approve adjustments to its terms and size. The Company expects to finance the repurchase from its existing cash balance.
About Aurora Mobile Limited
Founded in 2011, Aurora Mobile (NASDAQ: JG ) is a leading provider of customer engagement and marketing technology services in China. Since its inception, Aurora Mobile has focused on providing stable and efficient messaging services to businesses and has grown into a leading mobile messaging service provider with its first-mover advantage. With increasing demand for customer reach and marketing growth, Aurora Mobile has developed forward-looking solutions such as Cloud Messaging and Cloud Marketing to help businesses achieve multi-channel customer reach and interaction, as well as AI and marketing technology solutions based on big data to help the digital transformation of companies.
For more information, please visit https://ir.jiguang.cn/.
Safe harbor statement
This announcement contains forward-looking statements. These statements are made pursuant to the safe harbor provisions of the US Private Securities Litigation Reform Act of 1995. These forward-looking statements may be identified by terminology such as will, expects, anticipates, future, intends, plans, believes, estimates, believes and similar statements. Among other things, the Business Outlook and management quotes in this release, as well as Aurora Mobile’s strategic and operational plans, contain forward-looking statements. Aurora Mobile may also make written or oral forward-looking statements in its reports to the US Securities and Exchange Commission, in its annual report to shareholders, in press releases and other written materials, and in oral statements of its officers, directors or third-party employees. sides. Statements that are not historical facts, including but not limited to statements about Aurora Mobile’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, including but not limited to the following: Aurora Mobile’s strategies; Aurora Mobile’s future business development, financial condition and operating results; Aurora Mobile’s ability to attract and retain customers; its ability to develop and effectively market data solutions and penetrate the existing developer services market; its ability to transition to a new advertising-driven SAAS business model; its ability to maintain or enhance its brand; competition with current or future competitors; his ability to continue to obtain access to mobile data in the future; laws and regulations related to privacy and data protection; general economic and business conditions globally and in China and assumptions underlying or related to any of the foregoing. Further information on these and other risks is included in the Company’s filings with the Securities and Exchange Commission. All information provided in this press release and in the attachments is current as of the date of the press release, and Aurora Mobile has no obligation to update such information, except as required by applicable law.
For more information, contact:
Aurora Mobile Limited
Email: ir@jiguang.cn
Christensen
In China
Ms. Xiaoyan Su
Phone: +86-10-5900-1548
Email: Xiaoyan.Su@christensencomms.com
In the USA
Mrs. Linda Bergkamp
Phone: +1-480-614-3004
Email: linda.bergkamp@christensencomms.com
