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Repurchase of shares | 12 Months Ended
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Dec. 31, 2020
Repurchase of shares |
Repurchase of shares | 19. Repurchase of shares In June 2020, the board of directors of the Company authorized a share buyback program (the "Share Buyback Program"), whereby the Company may repurchase up to USD 20 million of common shares or ADSs from June 29, 2020 for twelve months on the open market at the prevailing market prices, in privately negotiated transactions, in block trades and through other legally permissible means, depending on market conditions and in accordance with applicable rules and regulations. ​ 19. Repurchase of shares (Continued) ​ The following table is a summary of the shares repurchased by the Company under the Share Buyback Program. All shares were purchased through privately negotiated transactions and publicly purchasing from the open market pursuant to the Share Buyback Program: ​
​ | ​ | ​ | ​ | ​
​ |  | Total number of ADSs purchased as |  | Average price
Period | ​ | part of the publicly announced plan | ​ | paid per ADS
July 8 - July 31 |  | 857,147 |  | 3.72
August 3 - August 18 |  | 334,245 |  | 3.86
Total for the year ended December 31, 2020 |  | 1,191,392 |  |
​ During the year ended December 31, 2020, 1,191,392 ADSs were purchased at an aggregate consideration of USD 4,475,000 under the Share Buyback Program. No shares were repurchased during the years ended December 31, 2018 and 2019.

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- Definition The entire disclosure for treasury stock, including, but not limited to, average cost per share, description of share repurchase program, shares repurchased, shares held for each class of treasury stock. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 30 -URI http://asc.fasb.org/subtopic&trid=2208821 + Details
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