SHENZHEN, Chi a, Ju e 26, 2026 (GLOBE NEWSWIRE) — Xu lei Limited (“Xu lei” o the “Compa y”) (Nasdaq: XNET), a leadi g tech ology compa y p ovidi g dist ibuted cloud se vices i Chi a, today a ou ced that the boa d of di ecto s of the Compa y (the “Boa d”) has app oved a ew sha e epu chase p og am u de which the Compa y may epu chase up to US$20 millio i value of its ADSs o commo sha es ove the ext 12 mo ths (the “2026 Sha e Repu chase P og am”) sta ti g f om July 1st, 2026. The Boa d will eview the 2026 Sha e Repu chase P og am pe iodically a d, if ecessa y, adjust its size a d te ms as ecessa y.
Acco di g to the te ms of the 2026 Sha e Repu chase P og am, sha e epu chases may be co ducted th ough va ious legally pe missible mea s, i cludi g ope ma ket pu chases at p evaili g p ices a d algo ithmic t adi g, p ivately egotiated t a sactio s, block t ades, o othe methods depe di g o ma ket co ditio s a d i complia ce with applicable ules a d egulatio s. Both ADSs a d commo sha es a e eligible fo epu chase. The epu chase pla will be fu ded f om the Compa y’s cash bala ce. As of Ma ch 31, 2026, the Compa y had cash, cash equivale t a d sho t-te m i vestme ts of app oximately US$303.6 millio .
M . Ji bo Li, the Chai ma a d Chief Executive Office of Xu lei, stated that “We a e impleme ti g a ew sha e epu chase p og am backed by ou co fide ce i ou ope atio al pe fo ma ce a d ou steadfast commitme t to lo g-te m developme t. The Boa d believes that this i itiative follows i dust y best p actices a d alig s with the Compa y’s best i te ests.”
Fou ded i 2003, Xu lei Limited (Nasdaq: XNET) is a leadi g tech ology compa y p ovidi g dist ibuted cloud se vices i Chi a. Xu lei p ovides a wide a ge of p oducts a d se vices ac oss cloud accele atio a d digital e te tai me t to delive a efficie t, sma t a d safe i te et expe ie ce.
This p ess elease co tai s stateme ts of a fo wa d-looki g atu e. These stateme ts a e made u de the “safe ha bo ” p ovisio s of the U.S. P ivate Secu ities Litigatio Refo m Act of 1995. You ca ide tify these fo wa d-looki g stateme ts by te mi ology such as “will,” “expects,” “believes,” “a ticipates,” “futu e,” “i te ds,” “pla s,” “estimates” a d simila stateme ts. Amo g othe thi gs, the ma ageme t’s quotatio s i this p ess elease, as well as the Compa y’s st ategic, ope atio al a d acquisitio pla s, co tai fo wa d-looki g stateme ts. These fo wa d-looki g stateme ts i volve k ow a d u k ow isks a d u ce tai ties a d a e based o cu e t expectatio s, assumptio s, estimates a d p ojectio s about the Compa y a d the i dust y. Fo wa d-looki g stateme ts i volve i he e t isks a d u ce tai ties, i cludi g but ot limited to: the Compa y’s ability to co ti ue to i ovate a d p ovide att active p oducts a d se vices to etai a d g ow its use base; the Compa y’s ability to keep up with tech ological developme ts a d use s’ cha gi g dema ds i the i te et i dust y; the Compa y’s ability to co ve t its use s i to subsc ibe s of its p emium se vices; the Compa y’s ability to deal with existi g a d pote tial copy ight i f i geme t claims a d othe elated claims; the Compa y’s ability to eact to the gove me tal actio s fo its sc uti y of i te et co te t i Chi a a d the Compa y’s ability to compete effectively. Although the Compa y believes that the expectatio s exp essed i these fo wa d-looki g stateme ts a e easo able, it ca ot assu e you that its expectatio s will tu out to be co ect, a d i vesto s a e cautio ed that actual esults may diffe mate ially f om the a ticipated esults. Fu the i fo matio ega di g isks a d u ce tai ties faced by the Compa y is i cluded i the Compa y’s fili gs with the U.S. Secu ities a d Excha ge Commissio . All i fo matio p ovided i this p ess elease is as of the date of the p ess elease, a d the Compa y u de takes o obligatio to update a y fo wa d-looki g stateme ts to eflect subseque t occu i g eve ts o ci cumsta ces, o cha ges i its expectatio s, except as may be equi ed by law.
I vesto Relatio s
Xu lei Limited
Email: i @xu lei.com
Tel: +86 755 6111 1571
Website: http://i .xu lei.com
