Company: TCOM
Filing Date: 2025-04-11
Form Type: 20-F
Source: 0001193125-25-078429
Chunk: 217

Company: Trip.com Group Ltd
Filing Date: 2025-04-11
Form: 20-F
Item: Item 16E
Chunk 217
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ITEM 16E.   PURCHASE OF EQUITY SECURITIES BY THE ISSUER AND AFFILIATED PURCHASERS
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 In March 2014, our board of directors adopted a share repurchase plan, which we refer to as the 2014 Repurchase Plan. Pursuant to the 2014 Repurchase Plan, we are authorized to purchase our own ADSs with an aggregate value of up to US$600 million, to be funded out of our existing cash balance. Under the 2014 Repurchase Plan, we are authorized to effect a share repurchase on the open market at prevailing market prices and/or in negotiated transactions off the market from time to time as market conditions warrant, in accordance with all applicable requirements of Rule 10b-18 under the Exchange Act and on the terms set out in the resolutions of our board of directors approving such share repurchase. 
 
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 In November 2023, our board of directors adopted a regular capital return policy to benefit our shareholders and ADS holders in the form of discretionary annual share repurchases, discretionary annual cash dividend declarations, or a combination thereof, commencing from the year 2024. Under the policy, our board of directors reserves the discretion relating to the determination of the form, timing, and amount of the capital return measures in any particular year, depending on our financial condition, results of operations, cash flow, capital requirements, and other relevant factors. 
 In February 2024, pursuant to the regular capital return policy, our board of directors approved and authorized us to implement strategic capital return initiatives, which include share repurchases, from time to time for an aggregate value up to US$300 million, which we refer to as the 2024 Repurchase Plan. 
 In February 2025, pursuant to the regular capital return policy, our board of directors approved and authorized us to implement additional strategic capital return initiatives, which include share repurchases, from time to time, for an aggregate value of up to US$400 million, which we refer to as the 2025 Repurchase Plan. 
 The following table summarizes our repurchases of our equity securities in 2024.   

Period                              Total Number of       Average Price       Total Number of         Approximate Dollar     
                                    ADS Purchased         Paid Per ADS(1)     ADSs Purchased          Value of ADSs that     
                                                                              as Part of Publicly     May Yet Be             
                                                                              Announced Plans         Purchased Under the    
                                                                                                      Plans(2)               
January