Tuniu Announces Senior Management Share Purchase Plan
Tuniu Corporation (Nasdaq:TOUR) announced that key executives, including CEO Donald Dunde Yu, plan to purchase up to $2 million of the Company's American depositary shares (ADS) over the next six months. Despite setbacks in the travel industry due to Covid-19, the management remains confident in the long-term prospects for both Tuniu and the overall market. The company aims to enhance its competitive advantages and improve product offerings in response to market recovery.
- Management intends to purchase up to $2 million of ADS, reflecting confidence in the company's value.
- Long-term growth potential in the online travel market remains strong despite current challenges.
- The travel industry continues to face setbacks due to Covid-19, impacting operational performance.
NANJING, China, Dec. 27, 2021 /PRNewswire/ -- Tuniu Corporation (Nasdaq:TOUR) ("Tuniu" or the "Company"), a leading online leisure travel company in China, today announced that certain senior management members of Tuniu, consisting of Mr. Donald Dunde Yu, founder, chairman and chief executive officer, Mr. Wei Zhang, executive vice president, and Mr. Anqiang Chen, financial controller, as well as certain employees of Tuniu, intend to use their personal funds to purchase the Company's American depositary shares ("ADS") on the open market for an aggregate amount up to a maximum of US
"Although the recovery of the overall travel industry has experienced setbacks due to Covid-19, we remain confident in the long-term prospects of both the industry and Tuniu," said Mr. Donald Dunde Yu. "We will continue to focus on providing high-quality products and services in order to strengthen our key competitive advantages and be well-positioned to better capture opportunities as the market recovers."
About Tuniu
Tuniu (Nasdaq:TOUR) is a leading online leisure travel company in China that offers a large selection of packaged tours, including organized and self-guided tours, as well as travel-related services for leisure travelers through its website tuniu.com and mobile platform. Tuniu covers over 420 departing cities throughout China and all popular destinations worldwide. Tuniu provides one-stop leisure travel solutions and a compelling customer experience through its online platform and offline service network, including a dedicated team of professional customer service representatives, 24/7 call centers, extensive networks of offline retail stores and self-operated local tour operators. For more information, please visit http://ir.tuniu.com.
Safe Harbor Statement
This press release contains forward-looking statements made under the "safe harbor" provisions of Section 21E of the Securities Exchange Act of 1934, as amended, and 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," "confident" and similar statements. Tuniu may also make written or oral forward-looking statements in its reports filed with or furnished to the U.S. Securities and Exchange Commission, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Any statements that are not historical facts, including statements about Tuniu's beliefs and expectations, are forward-looking statements that involve factors, risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Such factors and risks include, but are not limited to the following: Tuniu's goals and strategies; the growth of the online leisure travel market in China; the demand for Tuniu's products and services; its relationships with customers and travel suppliers; the Company's ability to offer competitive travel products and services; Tuniu's future business development, results of operations and financial condition; competition in the online travel industry in China; relevant government policies and regulations relating to the Company's structure, business and industry; the impact of the COVID-19 on Tuniu's business operations, the travel industry and the economy of China and elsewhere generally; and the general economic and business condition in China and elsewhere. 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. All information provided in this press release is current as of the date of the press release, and Tuniu does not undertake any obligation to update such information, except as required under applicable law.
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SOURCE Tuniu Corporation
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