Nexteer announced on November 12 that the board of directors approved a share repurchase plan totaling up to 60 million US dollars on November 11, the first such plan to be implemented by the company. The Board of Directors believes that the share repurchase plan reflects its confidence in the basic strength and long-term prospects of the Group's business. The Group's strong liquidity position provides a solid foundation for enhancing shareholder returns while continuing to support its business needs and future development.

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