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【2015】Li Auto Launches $1 Billion Share Repurchase Program
Li Auto (02015) (US: LI) announced that the board of directors has approved a share repurchase plan, authorizing the company to buy back up to $1 billion of Class A ordinary shares and American Depositary Shares (ADS) from the date of approval until March 31, 2027. Li Auto plans to use cash for the share repurchases.
Li Xiang, Chairman and CEO of Li Auto, stated that the share repurchase plan reflects strong confidence in Li Auto’s strategic planning and future value creation, ultimately benefiting the company and creating value for shareholders.
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