GUANGZHOU, China, Dec. 14, 2021 /PRNewswire/ -- Viomi Technology
Co., Ltd ("Viomi" or the "Company") (NASDAQ: VIOT), a leading IoT @
Home technology company in China,
today provided an update on the Company's previously announced
share repurchase program to repurchase up to US$10 million worth of its Class A ordinary
shares in the form of American depositary shares.
The Company has repurchased US$1.2
million worth of its Class A ordinary shares in the form of
American depositary shares in the period from December 1, 2021 up to and including December 13, 2021.
The share repurchase program was announced on October 14, 2021. Future 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 a number of
factors, including, but not limited to share price, trading volume,
general market conditions, the Company's working capital
requirements, general business conditions and other
factors, and in accordance with applicable rules and
regulations. The Company funds the repurchase out of its existing
cash balance.
About Viomi Technology
Viomi's mission is to redefine the future home via the concept
of IoT @ Home.
Viomi has developed a unique IoT @ Home platform consisting
of an ecosystem of innovative IoT-enabled smart home products,
together with a suite of complementary consumable products and
value-added businesses. This platform provides an attractive entry
point into the consumer home, enabling consumers to intelligently
interact with a broad portfolio of IoT products in an intuitive and
human-like manner to make daily life more convenient, efficient and
enjoyable, while allowing Viomi to grow its household
user base and capture various additional scenario-driven
consumption events in the home environment.
For more information, please
visit: http://ir.viomi.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," "confident" and
similar statements. Among other things, the business outlook and
quotations from management in this announcement, as well as Viomi's
strategic and operational plans, contain forward-looking
statements. Viomi may also make written or oral
forward-looking statements in its periodic reports to
the United States 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 the Company'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: the
Company's growth strategies; the cooperation with Xiaomi, the
recognition of the Company's brand; trends and competition in
global IoT-enabled smart home market; development and
commercialization of new products, services and technologies;
governmental policies relating to the Company's industry and
general economic conditions in China and around the
globe, and assumptions underlying or related to any of the
foregoing. Further information regarding these and other risks is
included in the Company'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 the Company undertakes
no obligation to update any forward-looking statement, except as
required under applicable law.
For investor and media inquiries, please contact:
In China:
Viomi Technology Co., Ltd
Cecilia Li
E-mail: ir@viomi.com.cn
The Piacente Group, Inc.
Emilie Wu
Tel: +86-21-6039-8363
E-mail: viomi@tpg-ir.com
In the United States:
The Piacente Group, Inc.
Brandi Piacente
Tel: +1-212-481-2050
E-mail: viomi@tpg-ir.com
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SOURCE Viomi Technology Co., Ltd
