CBL International Limited (NASDAQ:BANL) (the "Company" or "CBL"), the listing vehicle of Banle Group ("Banle" or "the Group"), today announced that its Board of Directors has authorized a share repurchase program of up to the lesser of $5 million of the Company's ordinary shares (the "Ordinary Shares") or 5 million Ordinary Shares.
Repurchases under the share repurchase program may be made in the open market, with the actual timing and amount of repurchases depending on market conditions and corporate needs. The share repurchase program will expire on April 15, 2028. The program does not obligate the Company to acquire any particular number of Ordinary Shares, and the share repurchase program may be extended, modified, suspended or discontinued at any time at the Company's discretion.