FinVolution Group (NYSE: FINV), a leading fintech platform in China, announced on May 26, 2026, a new share repurchase program authorizing the company to buy back up to US$150 million of its American depositary shares (ADSs) or Class A ordinary shares over the next 12 months.
The repurchase program is effective immediately and will be funded from the company's existing cash balance. The company stated that the program reflects its confidence in its long-term growth prospects and commitment to enhancing shareholder value.
FinVolution Group's board of directors approved the program, which allows repurchases through open market transactions, privately negotiated deals, or other means in compliance with applicable laws and regulations. The company may also adopt a Rule 10b5-1 trading plan to facilitate repurchases.
As of the announcement, FinVolution Group had approximately 268.7 million ADSs outstanding. The company's stock closed at $5.12 per ADS on May 25, 2026, giving the program a potential impact of about 10.9% of outstanding shares at current prices.
