Nisun International Board Approves Share Repurchase Program, Business News


SHANGHAI, June 10, 2022 /PRNewswire/ — Nisun International Enterprise Development Group Co., Ltd (“Nisun” or the “Company”) (Nasdaq: NISN), a provider of innovative total solutions through the integration of technology, industry and of Finance, announced that its Board of Directors has approved a share buyback program under which the Company may purchase up to $8 million of its Class A common shares (the “Share Repurchase Program”).

The share buyback program will come into effect in June 2022 and is expected to last for the next six months. Redemptions may be effected from time to time through open market transactions at prevailing market prices, privately negotiated transactions, block transactions and/or other legally permitted means, in subject to market conditions and in accordance with applicable rules and regulations. The Company has entered into a broker-dealer arrangement designed to comply with Securities and Exchange Commission Rule 10b5-1 under the Securities Exchange Act of 1934, as amended. Redemptions will be made by the broker-dealer in accordance with the agreement and the regulations of the Securities and Exchange Commission. The Board of Directors of the Company will periodically review the share buyback program and may authorize adjustments to its terms and size, or suspend or discontinue the program.

Mr. Xiaoyun HuangChairman and Chief Executive Officer of Nisun International, said, “This transaction marks an important step in our long-term strategy as we continue to invest in the business through strategic capital deployment. The share buyback program underlines our confidence in our ability to achieve sustainable growth. and generate significant value for our stakeholders.”

About Nisun International Enterprise Development Group Co., Ltd

Nisun International Enterprise Development Group Co., Ltd (NASDAQ: NISN) is a technology-driven, integrated supply chain solutions provider focused on transforming the corporate finance industry. Leveraging its industry experience, Nisun is dedicated to providing professional supply chain solutions to Chinese and foreign enterprises and financial institutions. Through its subsidiaries, Nisun provides users with professional solutions for technology supply chain management, technology asset routing and digital transformation of technology and financial institutions, enabling the industry to strengthen and grow. develop. At the same time, Nisun continues to deepen the field of industry segmentation through industrial and financial integration, cultivating/creating an ecosystem of openness and empowerment. Nisun has built a linked platform that integrates supply chain, banking, securities, trust, insurance, funds, public enterprises, among other businesses. Focusing on the linkages between industry and finance, Nisun aims to serve the upstream and downstream of the industrial supply chain while assisting in supply-side subsector reform. For more information, please visit http://ir.nisun-international.com.

Caution Regarding Forward-Looking Statements

This press release contains information about Nisun’s views on its future expectations, plans and prospects that constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended and as defined in the United States Private Securities Litigation Reform Act of 1995. Actual results may differ materially from historical results or from those indicated by these forward-looking statements due to a variety of factors, including including, but not limited to, the risks and uncertainties associated with its ability to raise additional funds, its ability to maintain and grow its business, variability in operating results, its ability to maintain and improve its brand, its development and the introduction of new products and services, the successful integration of acquired companies, technologies and assets into its portfolio of pro products and services, marketing and other business development initiatives, co industry competition, general government regulation, economic conditions, dependence on key personnel, the ability to attract, hire and retain personnel with the technical skills and experience necessary to meet the requirements of its customers, and its ability to protect its intellectual property . Nisun encourages you to consider other factors that could affect its future results in Nisun’s registration statement and its other filings with the Securities and Exchange Commission. Nisun undertakes no obligation to update or revise its forward-looking statements as a result of new information, future events or otherwise, except as expressly required by applicable law.

contacts

Nisun International Enterprise Development Group Co.,Ltd
Investor Relations
Tel: +86 (21) 2357-0055
Email: [email protected]

ICR, LLC
Tel: +1 203 682 8233
Email: [email protected]

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