The Company's Board of Directors (the "Board") has authorized a stock repurchase program under which the Company may repurchase up to $3.0 million of its outstanding ordinary shares. Shares may be repurchased from time to time through open-market transactions, privately negotiated transactions, or other legally permissible means. The timing, manner, price, and actual number of shares repurchased will be determined at management's discretion, based on various factors, including stock price, market and business conditions, the Company's capital position and liquidity requirements, applicable legal and regulatory requirements, and other relevant considerations.