10:46 AM EDT, 10/23/2024 (MT Newswires) -- Viomi Technology ( VIOT ) said Wednesday its board extended its share repurchase plan for another year, now running through Oct. 24, 2025.

In October 2022, the board approved the buyback plan to repurchase up to $10 million of its American Depositary Shares through Oct. 24, 2024, Viomi ( VIOT ) said.

The firm said it has repurchased $901,258 worth of ADS since the start of its share buyback plan. It will continue to fund the buybacks with its existing cash balance.

Viomi ( VIOT ) shares fell nearly 3% in recent trading.

Price: 1.35, Change: -0.04, Percent Change: -2.88