InvestorNewsBreaks – Viomi Technology Co. Ltd. (NASDAQ: VIOT) Board Approves Extension of Share Repurchase Plan

November 2, 2023 12:55:36

Viomi Technology (NASDAQ: VIOT), a leading IoT@Home technology company in China, has approved an extension of its existing share repurchase plan for 12 months. This announcement is part of the company’s commitment to enhancing shareholder value. According to the announcement, the board of directors approved the extension, allowing the company to repurchase up to $10 million worth of its American Depositary Shares (“ADSs”) from Oct. 25, 2022, to Oct. 24, 2024. “From the launch of the share repurchase plan to the date of this press release, the company in aggregate purchased approximately $415,289 worth of its ADSs in the open market pursuant to its share repurchase plan,” stated the press release. “The company expects to fund the repurchases under the share repurchase plan with its existing cash balance.”

To view the full press release, visit

About Viomi Technology Co. Ltd.

Viomi Technology has a mission to redefine the future home via the concept of IoT@Home. Viomi has developed a unique IoT@Home platform consisting of an ecosystem of innovative IoT-enabled smart-home products, together with a suite of complementary consumable products and value-added businesses. This platform provides an attractive entry point into the consumer home, enabling consumers to intelligently interact with a broad portfolio of IoT products in an intuitive and human-like manner to make daily life more convenient, efficient and enjoyable, while allowing Viomi to grow its household user base and capture various additional scenario-driven consumption events in the home environment. For more information, visit the company website at

About InvestorWire

InvestorWire (“IW”) is a specialized communications platform with a focus on advanced wire-grade press release syndication for private and public companies and the investment community. It is one of 60+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, IW is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, IW brings its clients unparalleled recognition and brand awareness. IW is where breaking news, insightful content and actionable information converge.

For more information, please visit

Please see full terms of use and disclaimers on the InvestorWire website applicable to all content provided by IW, wherever published or re-published:

Los Angeles, CA
310.299.1717 Office

InvestorWire is powered by IBN