Viomi Technology Co., Ltd (NasdaqGS:VIOT) announces a share repurchase program. Under the program, the company will repurchase up to $10 million worth of its American depositary shares. The company expects to fund the repurchases out of its existing cash balance.

The purpose of the program is to enhance the shareholders value. The program will be valid over the next 12 months, ending on October 24, 2023.