Yidu Tech Inc. announced that its board has instructed the independent trustee of the company’s Post-IPO Share Award Scheme, originally adopted on 28 December 2020 and amended on 28 September 2023, to begin purchasing Yidu Tech shares on the open market at prevailing prices.

The purchased shares will be held in reserve under the Scheme Rules, enabling the group to structure competitive remuneration packages aimed at attracting and retaining key talent essential for future growth.

Funding for the share purchases will come from Yidu Tech’s internal financial resources. The board stated that the transactions will not affect day-to-day operations and that the company maintains sufficient liquidity to carry out the plan while preserving a solid balance-sheet position.

Management views the initiative as a signal of confidence in Yidu Tech’s long-term business outlook and shareholder value. However, the timing, volume and price of any share purchases remain at the board’s discretion and will depend on market conditions.

The company reminded shareholders and prospective investors that there is no assurance regarding the exact implementation schedule or scale of the intended share purchases and urged caution when trading the stock.