HUYA Inc. provided an update on its ongoing share repurchase program, confirming its commitment to enhancing shareholder value. The company repurchased approximately US$1.1 million worth of its American depositary shares (ADSs) on March 20, 2025.
This recent repurchase nearly reached the daily repurchase limit under Rule 10b-18 for that day, signaling active engagement in the program. The share repurchase program, authorized in August 2023, allows the company to repurchase up to US$100 million of its ADSs or ordinary shares until March 31, 2026.
Management stated that the current market valuation does not accurately represent the company's underlying fundamentals and future prospects. HUYA will continue to evaluate market conditions and repurchase shares under the program, demonstrating its dedication to long-term business development and sustainable value creation for stakeholders.
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