Retractable Technologies terminates $8.1M buyback plan; stock at discount to asset value

RETRACTABLE TECHNOLOGIES INC

Effective April 14, 2022, terminated Rule 10b5-1 buyback plan dated June 4, 2021.
Purchased 1,087,145 shares for ~$8.1M since plan inception in June 2021.
Board cites stock price not correlated with economic performance despite trading below asset value.
Market capitalization less than corporation's asset value, per company statement.

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