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TEN Holdings, Inc. Introduces $1 Million Stock Repurchase Program

In a recent announcement, TEN Holdings, Inc. (ticker symbol: XHLD), a leading provider of event planning, production, and broadcasting services, revealed its plans to initiate a stock repurchase program amounting to $1 million. The program, effective as of March 17, 2025, was sanctioned by the company's Board of Directors. This strategic move aims to enhance shareholder value and operational capital efficiency during uncertain market conditions.

Program Overview

Under the newly authorized program, TEN Holdings will engage in the repurchase of its common shares selectively, spending up to $1 million over an unspecified period. This effort will be funded through cash generated from the company's operational activities, following the guidelines of established corporate governance and compliance regulations. The repurchases will be managed under a specific plan in accordance with SEC rules, namely Rule 10b-18 and 10b5-1.

CEO Randolph Wilson Jones III explained the rationale behind this decision, stating: "Our intention to execute a share repurchase program reflects our conviction that investing in our own stock at this moment is both a promising opportunity and a wise allocation of capital. This decision underscores our belief in the intrinsic long-term value of TEN Holdings."

Strategic Goals

The primary objectives of implementing this stock repurchase program are manifold. Most significantly, it aims to foster greater shareholder returns, thereby potentially boosting stock prices over time. Additionally, it demonstrates the company’s commitment to maintaining a flexible capital structure while navigating future market uncertainties. By actively engaging in stock buybacks, the company demonstrates confidence in its current valuation and future growth prospects, which can benefit loyal shareholders.

However, it is crucial to note that the stock repurchase program is not necessarily a commitment to buying back any specific amount. The Board retains discretion to discontinue the program at any time. Thus, the actual execution of this buyback plan will depend on market conditions, banking regulations, and a variety of other corporate factors.

About TEN Holdings, Inc.

TEN Holdings, Inc. is headquartered in Pennsylvania and excels in producing both virtual and hybrid events alongside traditional physical gatherings. Their extensive portfolio is significantly supported by a proprietary technology platform known as the Xyvid Pro Platform, which facilitates seamless event production and broadcasting. With a commitment to driving innovation in the event services sector, TEN Holdings remains at the forefront, navigating the evolving landscape of event management and production.

For those interested in further details about TEN Holdings and its services, the company's website at www.tenholdingsinc.com provides a wealth of resources and insights.

Cautionary Note

While this announcement is a positive indication of the company’s strategic direction along with creating potential value for shareholders, it is essential to recognize that future projections and statements involve inherent risks. These forward-looking expressions are subject to market fluctuations and regulatory changes, and interested parties should remain informed of developments via TEN Holdings' Securities and Exchange Commission filings.

In conclusion, the initiation of a $1 million stock repurchase program marks a significant step forward for TEN Holdings, indicating its determination to prioritize shareholder interests while reinforcing confidence in its operational stability and future potential.