05:35 AM EDT, 03/13/2024 (MT Newswires) -- Full Truck Alliance ( YMM ) said Wednesday it was extending a share repurchase program of $300 million of its American depositary shares through March 12, 2025.

The buyback plan was set to expire last Tuesday. Each ADS represents 20 class A ordinary shares and/or ordinary shares.

Repurchases may be made through open market transactions, privately negotiated transactions, block trades, or through other means.

The company also declared an annual cash dividend of $0.1444 per ADS, payable around April 19 to shareholders of record on April 5.