HONG
KONG, Feb. 20, 2025 /PRNewswire/ -- Euro Tech
Holdings Company Limited (Nasdaq: CLWT) (the "Company") today
announced that its Board of Directors (the "Board") has approved a
program to repurchase up to 350,000 shares of its issued and
outstanding ordinary shares for an aggregate purchase price of up
to $500,000. This gives the Company
the ability to repurchase its shares in the open market or through
negotiated or block transactions from time to time based on market
and business conditions over the next 12 months.
The Board has a high degree of confidence in the Company's
future and believes that this expectation is not reflected in the
current stock price of the Company's shares, which is also much
lower than the Company's net asset value on a per share basis.
Forward-Looking Statement
This release contains forward-looking statements as defined in
Section 21E of the Securities Exchange Act of 1934, as amended.
These forward-looking statements are based on the Safe Harbor
provisions of the Private Securities Litigation Reform Act of 1995
and may be governed by terms such as "will," "expect," "would,"
"anticipate," "future," "intend," "plan," "believe," "estimate,"
"potential," "continue," "in progress," "goal," "guidance
expectations" and similar statements are identified.
Forward-looking statements contained in this release relate to,
among other things, the Company's ongoing compliance with the
Holding Foreign Companies Accountable Act (the "HFCAA"). Readers
should not place undue reliance on such forward-looking statements,
which are based upon the Company's beliefs and assumptions as of
the date of this release. The actual results could differ
materially due to risk factors and other items described in more
detail in the "Risk Factors" section of the Company's Annual
Reports and other filings filed with the U.S. Securities and
Exchange Commission (the "SEC") (copies of which may be obtained at
www.sec.gov). Subsequent events and developments may cause these
forward-looking statements to change. The Company specifically
disclaims any obligation or intention to update or revise these
forward-looking statements as a result of changed events or
circumstances that occur after the date of this release, except as
required by applicable law.
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SOURCE EURO TECH HOLDINGS COMPANY LIMITED
