EHang Announces US$30 Million Share Repurchase Program

Core Viewpoint - EHang Holdings Limited has announced a Share Repurchase Program allowing the company to repurchase up to US$30 million of its American Depositary Shares or ordinary shares over the next 12 months, reflecting confidence in its long-term growth potential [1][2]. Group 1: Share Repurchase Program - The Board of Directors has approved a Share Repurchase Program for up to US$30 million [1]. - The repurchases may occur through various means including open market transactions, privately negotiated transactions, and block trades, depending on market conditions [2]. - The program will be funded from the company's existing cash balance and cash generated from operations [2]. Group 2: Company Overview - EHang is recognized as the world's leading Urban Air Mobility technology platform company, focusing on safe, autonomous, and eco-friendly air mobility solutions [3]. - The company provides unmanned aerial vehicle systems and solutions across multiple sectors, including passenger transportation, logistics, smart city management, and aerial media [3]. - EHang's flagship product, the EH216-S, has received the world's first type certificate, production certificate, and standard airworthiness certificate for pilotless eVTOL from the Civil Aviation Administration of China [3].