CLPS Incorporation Extends Its Share Repurchase Initiative for Future Growth

CLPS Incorporation Extends Share Repurchase Program

CLPS Incorporation (NASDAQ: CLPS), a leader in digital transformation and operational efficiency, has recently declared an extension of its share repurchase program. This move underscores the company’s commitment to enhancing shareholder value while navigating a dynamic market landscape.

The Board of Directors at CLPS authorized the extension on October 29, 2026. Initially launched on February 5, 2026, the share repurchase program was initially set to conclude on November 4, 2026. Under this initiative, CLPS is permitted to repurchase up to 1,000,000 of its common shares, each with a par value of US$0.0001. As of the cutoff date, October 28, 2026, the company had already repurchased 240,841 common shares, leaving a balance of 759,159 shares still available for repurchase.

The extension extends the program for an additional eight months, pushing the expiration date to July 3, 2027, while all other terms remain unchanged. This strategic decision allows the company to continue buying back its shares under favorable market conditions, potentially reflecting positively on the stock price and reinforcing investor confidence.

CLPS has the flexibility to execute these repurchases through various means including open market transactions, private negotiations, and block trades, in accordance with applicable regulations. The Board will continually assess the Program's performance and may adjust it as deemed necessary to reflect changing market conditions and company performance.

About CLPS Incorporation

Founded in 2005 and based in Hong Kong, CLPS Incorporation is a prominent player in digital transformation, leveraging cutting-edge technologies including artificial intelligence and cloud computing. The company offers diversified services across sectors such as fintech, e-commerce, education, and global tourism, supported by a robust network that includes operations in ten countries with key regional hubs situated in Shanghai, Singapore, and California.

Driven by innovation, CLPS empowers businesses to evolve into data-driven, intelligent ecosystems. The company's commitment to excellence is evident in its operational strategies and market presence, as they continuously seek opportunities to enhance their footprint in the global market. For anyone interested in learning more about CLPS, further details can be accessed through their official investor relations website.

Forward-Looking Statements

In sharing this announcement, CLPS emphasizes that certain statements made may be classified as forward-looking in nature, intended to provide insights into the company’s beliefs and future performance. However, actual results can vary due to a mix of known and unknown risks and uncertainties. More comprehensive details on these aspects and the ongoing efforts and performance of CLPS can be found in their filings with the Securities and Exchange Commission.

As CLPS moves forward with the extended repurchase program, shareholders can anticipate potential growth opportunities and value enhancement, indicative of the company's long-term commitment to maintaining a shareholder-friendly approach.