Baozun Announces US$50 Million Share Repurchase Program in addition to the Completed US$125 Million Shares Repurchase Program

Rhea-AI Summary

Baozun, a leading e-commerce service partner in China, announced a $50 million share repurchase program effective from November 30, 2021. This follows the completion of its previous $125 million repurchase initiative. The new program allows repurchases of American Depositary Shares (ADSs) and Class A ordinary shares, with flexibility in execution methods based on market conditions. Funding for the repurchases will be sourced from the company’s existing cash balance, aiming to enhance shareholder value.

Positive

• New share repurchase program of $50 million approved, following $125 million completion.
• Share repurchase aimed at enhancing shareholder value.

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• None.

SHANGHAI, China, Nov. 30, 2021 (GLOBE NEWSWIRE) -- Baozun Inc. (Nasdaq: BZUN and HKEX: 9991) (“Baozun” or the “Company”), the leading brand e-commerce service partner that helps brands execute their e-commerce strategies in China, today announced that, as the Company has already completed its US$125 million share repurchase program announced on May 18, 2021, in addition to the said share repurchase program, its board of directors has authorized a new share repurchase program under which the Company may repurchase up to US$50 million worth of its outstanding (i) American Depositary Shares (“ADSs”), each representing three Class A ordinary shares, and/or (ii) Class A ordinary shares over the next 12 months starting from November 30, 2021.

The Company’s proposed repurchases may be made from time to time on the open market at prevailing market prices, in privately negotiated transactions, in block trades and/or through other legally permissible means, depending on market conditions and in accordance with applicable rules and regulations. The Company’s board of directors will review the share repurchase program periodically and may authorize adjustment of its terms and size. The Company plans to fund repurchases from its existing cash balance.

Safe Harbor Statements

This press release contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” “potential,” “continue,” “ongoing,” “targets,” “guidance,” “going forward,” “outlook” and similar statements. Statements that are not historical facts, including statements about the Company’s strategies and goals, are or contain forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: the Company’s operations and business prospects; the Company’s business and operating strategies and its ability to implement such strategies; the Company’s ability to develop and manage its operations and business; competition for, among other things, capital, technology and skilled personnel; the Company’s ability to control costs; the Company’s dividend policy; changes to regulatory and operating conditions in the industry and geographical markets in which the Company operates; and other risks and uncertainties. Further information regarding these and other risks, uncertainties or factors is included in the Company’s filings with the U.S. Securities and Exchange Commission and the Company’s announcements, notice or other documents published on the website of The Stock Exchange of Hong Kong Limited. All information provided in this press release is as of the date of this press release and is based on assumptions that the Company believes to be reasonable as of this date, and the Company does not undertake any obligation to update any forward-looking statement, except as required under the applicable law.

About Baozun Inc.

Baozun Inc. is the leader and a pioneer in the brand e-commerce service industry in China. Baozun empowers a broad and diverse range of brands to grow and succeed by leveraging its end-to-end e-commerce service capabilities, omni-channel coverage and technology-driven solutions. Its integrated one-stop solutions address all core aspects of the e-commerce operations covering IT solutions, online store operations, digital marketing, customer services, and warehousing and fulfillment.

For more information, please visit https://ir.baozun.com

For investor and media inquiries, please contact:

Baozun Inc.

Ms. Wendy Sun
Email: ir@baozun.com

Christensen

In China
Mr. Rene Vanguestaine
Phone: +852-6686-1376
E-mail: rvanguestaine@christensenir.com

In U.S.

Ms. Linda Bergkamp
Phone: +1-480-614-3004
Email: lbergkamp@ChristensenIR.com

FAQ

What is the new share repurchase program for Baozun?

Baozun's new share repurchase program authorizes up to $50 million to repurchase American Depositary Shares and Class A ordinary shares starting from November 30, 2021.

How much did Baozun spend on its previous share repurchase program?

Baozun completed a $125 million share repurchase program before initiating the new $50 million program.

What is the purpose of Baozun's share repurchase program?

The purpose is to enhance shareholder value by repurchasing outstanding shares using existing cash reserves.

When does the new share repurchase program for Baozun start?

The new share repurchase program for Baozun starts on November 30, 2021.

How will Baozun execute its share repurchase program?

The repurchases may be made on the open market, through negotiated transactions, block trades, or other legally permissible means depending on market conditions.