SuperX AI Technology Limited (NASDAQ:SUPX) ("SuperX" or the "Company"), a Nasdaq-listed full-stack AI infrastructure solutions provider, today announced an update on the progress of its share repurchase program, demonstrating the Board's and management's confidence in the Company's intrinsic value and long-term growth prospects.
The Company's Board of Directors authorized a new share repurchase program (the "2026 Repurchase Program") as of August 6, 2026, under which the Company may repurchase up to US$20 million of its ordinary shares over the next twelve months. On September 8, 2026, the Company repurchased 119,360 ordinary shares at an average net repurchase price of US$7.7691 per ordinary share.
The Board and management believe the Company's current market valuation does not fully capture its intrinsic value and long-term growth potential. Share repurchases serve as a key capital allocation tool to enhance shareholder value while preserving sufficient financial flexibility and sustaining strategic investments in core business expansion. The continued execution of repurchases demonstrates the Company's confidence in its competitive strengths and long-term growth prospects.
The repurchases have been made from time to time in the open market at prevailing market prices, in privately negotiated transactions, in block trades, and/or through other legally permissible means, in compliance with applicable securities laws, including the safe harbor provisions of Rule 10b-18 under the U.S. Securities Exchange Act of 1934, as amended, and pursuant to Rule 10b5-1 trading plans.