Canaan inc. announces up to us$20 million new share repurchase program

Beijing, sept. 20, 2021 /prnewswire/ -- canaan inc. (nasdaq: can) ("canaan" or the "company"), a leading high-performance computing solutions provider, today announced that its board of directors has authorized a share repurchase program under which the company may repurchase up to us$20 million worth of its outstanding (i) american depositary shares ("adss"), each representing 15 class a ordinary shares, and/or (ii) class a ordinary shares over the next 12 months starting from september 20, 2021.
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