CBAK Energy authorizes up to $20M share repurchase program over 12 months

CBAK Energy Technology, Inc.

Board approved repurchase of up to $20M of common stock; program ends May 20, 2026.
Program aimed at returning value to shareholders and regaining Nasdaq minimum bid price compliance.
Repurchases may be made via open market, private transactions, or Rule 10b5-1 plans.
CEO cites confidence in long-term value; CFO highlights 31.5% battery segment gross margin in 2024.
Program does not obligate company to buy any specific number of shares and may be suspended anytime.

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