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Tuniu Announces Senior Management Share Purchase Plan

CapitalWatch Staff 2018-11-19 14:52 PM
Tuniu Announces Senior Management Share Purchase Plan

Tuniu Corporation (Nasdaq: TOUR), a online leisure travel company in China, today announced that certain senior management members of Tuniu, consisting of Donald Dunde Yu, co-founder, chairman and CEO, Maria Yi Xin, CFO, Shihong Chen, CTO, and Wei Zhang, executive vice president, intend to use their personal funds to purchase the company&`#`39;s ADS on the open market for an aggregate amount up to a maximum of $2 million within the next 6 months.

"We remain confident in the long-term prospects of Tuniu&`#`39;s business," said Yu. "Tuniu has made progress in expanding its sales network, strengthening its service network and improving its technology network to start off 2018. With the implementation of these core strategies, we are laying the foundation for a new and improved Tuniu that can maximize value for both our customers and our shareholders."