Agora, Inc. announced that its senior management team has voluntarily entered into a lock-up period, commencing December 2, 2024, and expiring on December 31, 2025. This action is intended to express confidence in the long-term value of the company.
The lock-up applies to all executive officers, including founder, chairman, and CEO Mr. Bin (Tony) Zhao, CTO and Chief Scientist Mr. Sheng (Shawn) Zhong, CFO Mr. Jingbo Wang, and Vice President Mr. Robbin Liu. They and entities controlled by them will not sell any beneficially owned shares during this period.
An exception was noted for Mr. Zhong, who expects to sell up to 0.4 million ADSs, representing 1.6 million Class A ordinary shares, for personal financial reasons. This sale is anticipated to be completed by December 31, 2024.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.