AVAX One Technology Ltd. (Nasdaq stock code: AVX) its board of directors (the "Board") has approved a share repurchase plan of up to $40 million in the company's common stock. The Board will regularly review the company's repurchase plan and may decide to extend the repurchase period or increase the authorized amount.

The repurchase plan lasts for one year, and the company may repurchase shares from time to time through open market transactions or other methods permitted by applicable securities laws and regulations. The timing and quantity of repurchases will depend on market conditions, regulatory requirements, capital allocation plans, and other company factors. The company is under no obligation to repurchase any specific number of shares, and the plan may be suspended or terminated at any time.