BEIJING, Nov. 14,
2023 /PRNewswire/ -- Leju Holdings Limited ("Leju" or
the "Company") (NYSE: LEJU), a leading e-commerce and online media
platform for real estate and home furnishing industries in
China, today announced that its
board of directors has authorized a share repurchase program under
which the Company may repurchase up to US$2
million of its shares over the next 12 months, ending on
November 13, 2024. The Company
expects to fund the repurchase out of its existing cash
balance.
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.
About Leju
Leju Holdings Limited ("Leju") (NYSE: LEJU) is a leading
e-commerce and online media platform for real estate and home
furnishing industries in China,
offering real estate e-commerce, online advertising and online
listing services. Leju's integrated online platform comprises
various mobile applications along with local websites covering more
than 380 cities, enhanced by complementary offline services to
facilitate residential property transactions. In addition to the
Company's own websites, Leju operates the real estate and home
furnishing websites of SINA Corporation, and maintains a strategic
partnership with Tencent Holdings
Limited. For more information about Leju, please visit
http://ir.leju.com.
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" and similar statements. Statements that are
not historical facts, including statements about Leju'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 All information provided
in this press release is as of the date of this press
release, and Leju does not undertake any obligation to update any
forward-looking statement, except as required under applicable
law.
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SOURCE Leju Holdings Limited
