RLX Technology extends $500M share repurchase program

RLX Technology announced that its board of directors has authorized the extension of its existing share repurchase program established in December 2021 for an additional 24-month period through December 31, 2025. Under the existing share repurchase program, the company may repurchase up to $500M of its ordinary shares represented by ADSs until December 31. As of December 28, the company had repurchased approximately $193.5M of its ordinary shares represented by ADSs.