OneConnect Financial Technology Co., Ltd. (“OneConnect” or the “Company”) (NYSE: OCFT), a leading technology-as-a-service provider for financial institutions in China, today announced its board of directors has approved a share repurchase program in which the company may purchase its own American depositary shares (“ADSs”) with an aggregate amount of up to 2% of the total outstanding ordinary shares from February 24, 2022 to September 30, 2022, pursuant and subject to applicable laws and the Company’s securities trading policy. OneConnect expects to fund the repurchase from its existing cash balance (the “Repurchase Program”).
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