Qudian Inc. (NYSE:QD) announces a share repurchase program. Under the program, the company will repurchase up to $300 million worth of its outstanding American Depositary Shares and/or class A ordinary shares. The company plans to fund the repurchases from its existing cash balance and does not expect the repurchase program to adversely affect its existing business strategies.

The share repurchase program will be valid for next 36 months.