Jianan Yunzhi announces a $30 million stock repurchase plan

According to a report by Golden Finance, Canaan Inc. announced today that its board of directors ("Board") has approved a stock repurchase plan, under which the company can repurchase up to $30 million worth of outstanding shares (i) American Depositary Shares ("ADS"), each representing 15 shares of Class A common stock, and/or (ii) Class A common stock within the next six months from May 27, 2025.