Xunlei Launches US$20 Million Buyback Program Backed by US$303.6M Cash
XNET•Xunlei’s board approved a US$20 million share repurchase program over 12 months starting July 1, 2026. As of March 31, the company held US$303.6 million in cash and short-term investments to fund potential ADSs and common share buybacks via open market, negotiated transactions, block trades or algorithms.
1. Approval of 2026 Buyback Program
The board approved a new share repurchase program authorizing up to US$20 million in ADSs or common shares over a 12-month period starting July 1, 2026. The program’s size and terms will be reviewed periodically with adjustments made as market conditions dictate.
2. Repurchase Mechanisms and Eligible Shares
Repurchases may occur through open market purchases at prevailing prices, algorithmic trading, privately negotiated transactions, block trades or other legally permissible methods. Both American depositary shares and common shares qualify under the program’s terms, offering flexibility in execution.
3. Funding from Cash Reserves
The buyback will be funded from the company’s cash balance, which stood at approximately US$303.6 million in cash, cash equivalents and short-term investments as of March 31, 2026. This level of liquidity supports potential repurchases without impacting operating cash flow.
4. Management Statement and Governance
Chairman and CEO Jinbo Li emphasized confidence in operational performance and long-term development, stating the program aligns with industry best practices and shareholder interests. The board retains discretion to adjust the repurchase size and methods to optimize capital allocation.
