NANJING, China, Aug. 23,
2016 /PRNewswire/ -- Tuniu Corporation (NASDAQ:TOUR)
("Tuniu" or the "Company"), a leading online leisure travel company
in China, today its Board of
Directors has authorized a share repurchase program under which the
Company may repurchase up to US$150 million worth of its ordinary shares or
American depositary shares representing ordinary shares over the
next 12 months.
The Company's proposed 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. Tuniu's Board of
Directors will review the share repurchase program periodically,
and may authorize adjustment of its terms and size. Tuniu plans to
fund repurchases from its available cash balance.
About Tuniu
Tuniu (Nasdaq:TOUR) is a leading online
leisure travel company in China
that offers a large selection of packaged tours, including
organized and self-guided tours, as well as travel-related services
for leisure travelers through its website tuniu.com and mobile
platform. Tuniu has over 1,700,000 stock keeping units (SKUs) of
packaged tours, covering over 140 countries worldwide and all the
popular tourist attractions in China. Tuniu provides one-stop leisure travel
solutions and a compelling customer experience through its online
platform and offline service network, including a 24/7 call center,
180 regional service centers and 11 international centers. For more
information, please visit http://ir.tuniu.com.
Safe Harbor Statement
This press release contains forward-looking statements made
under the "safe harbor" provisions of Section 21E of the Securities
Exchange Act of 1934, as amended, and 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. Tuniu may also
make written or oral forward-looking statements in its reports
filed with or furnished to the U.S. Securities and Exchange
Commission, 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. Any statements
that are not historical facts, including statements about Tuniu´s
beliefs and expectations, are forward-looking statements that
involve factors, risks and uncertainties that could cause actual
results to differ materially from those in the forward-looking
statements. Such factors and risks include, but are not limited to
the following: Tuniu´s goals and strategies; the growth of the
online leisure travel market in China; the demand for Tuniu´s products and
services; its relationships with customers and travel suppliers;
the Company´s ability to offer competitive travel products and
services; Tuniu´s future business development, results of
operations and financial condition; competition in the online
travel industry in China; relevant
government policies and regulations relating to the Company´s
structure, business and industry; and the general economic and
business condition in China and
elsewhere. Further information regarding these and other risks,
uncertainties or factors is included in the Company´s filings with
the U.S. Securities and Exchange Commission. All information
provided in this press release is current as of the date of the
press release, and Tuniu does not undertake any obligation to
update such information, except as required under applicable
law.
For investor and media inquiries, please contact:
China
Maria Xin
Investor Relations and Strategic Investment General Manager
Tuniu Corporation
Phone: +86-25-8685-3178
E-mail: ir@tuniu.com
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SOURCE Tuniu