JD Announces US$1.0 Billion Share Repurchase Program
December 26 2018 - 05:00AM
JD.com, Inc. (NASDAQ: JD), China’s leading technology driven
e-commerce company and retail infrastructure service provider,
today announced that its board of directors has authorized a share
repurchase program under which the Company may repurchase up to
US$1.0 billion of its 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. The Company’s
board of directors will review the share repurchase program
periodically, and may authorize adjustment of its terms and size.
The Company plans to fund repurchases from its existing cash
balance.
About JD.com
JD.com is a leading technology driven e-commerce company and
retail infrastructure service provider in China. Its cutting-edge
retail infrastructure enables consumers to buy whatever they want,
whenever and wherever they want it. The company has opened its
technology and infrastructure to partners, brands and other
sectors, as part of its Retail as a Service offering to help drive
productivity and innovation across a range of industries. JD.com is
the largest retailer in China, a member of the NASDAQ100 and a
Fortune Global 500 company.
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 to the U.S. Securities and Exchange Commission
(the “SEC”), 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. 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: JD.com’s
growth strategies; its future business development, results of
operations and financial condition; its ability to attract and
retain new customers and to increase revenues generated from repeat
customers; its expectations regarding demand for and market
acceptance of its products and services; trends and competition in
China’s e-commerce market; changes in its revenues and certain cost
or expense items; the expected growth of the Chinese e-commerce
market; Chinese governmental policies relating to JD.com’s industry
and general economic conditions in China. Further information
regarding these and other risks is included in JD.com’s filings
with the SEC. All information provided in this press release and in
the attachments is as of the date of this press release, and JD.com
undertakes no obligation to update any forward-looking statement,
except as required under applicable law.
CONTACTS:
Investor RelationsRuiyu LiSenior Director of
Investor Relations+86 (10) 8912-6805IR@JD.com
Media+86 (10) 8911-6155Press@JD.com
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