RLX Technology Inc (RLX) News & EventsRLXNews & EventsRLX Technology Inc

RLX Technology Extends Share Repurchase Program to 2027

RLX Technology announced that its board of directors has authorized the extension of its existing share repurchase program for an additional 24-month period through December 31, 2027. The existing share repurchase program was established in December 2021 and extended in December 2023. Under the current share repurchase program, the company may repurchase up to $500M of its ordinary shares represented by ADSs until December 31. Under the extended share repurchase program, the company may repurchase up to approximately $170M of the ADSs through December 31, 2027.

RLX Technology reports Q4 EPS 10c

Reports Q4 revenue $111.45M. "2024 was a remarkable year for RLX, highlighted by tremendous progress in our global operations," commented Ying Wang, co-founder, chairperson of the board of directors, and CEO of RLX Technology. "We've holistically upgraded our organizational framework and refined our business models to address international markets' diverse and dynamic needs, driving significant growth and solidifying our market leadership in multiple regions. The innovative open-system and disposable e-vapor products we introduced in 2024 set new trends across the international markets, reaffirming our dedication to advancing harm-reduction solutions. Moving into 2025, we will prioritize innovation, compliance, and diversity in our product portfolio while navigating the industry dynamics to capture new opportunities and drive long-term success."