On October 7, 2025, Sound Group Inc. announced the cancellation of all 951,252 American depositary shares (ADSs) that it had repurchased under its $4 million share repurchase program approved in June 2025. The company repurchased the shares for a total consideration of US$3,999,984.99, excluding transaction costs. Following the cancellation, the company’s issued and outstanding shares are approximately 832,000,000 ordinary shares, equivalent to 4.16 million ADSs.
The completion of the repurchase program reduces the share count, directly improving earnings per share and potentially increasing the company’s intrinsic value. The program was fully funded from the company’s cash balance, underscoring its strong liquidity position. By eliminating the repurchased shares, Sound Group eliminates the need to maintain those shares on its books, simplifying its capital structure and freeing up capital for future growth initiatives.
CEO Marco Lai stated that the cancellation demonstrates the company’s confidence in its long‑term prospects and its commitment to delivering shareholder value. With the repurchase and cash dividend programs now completed, Sound Group signals that it will continue to pursue additional opportunities to return value to shareholders as the company expands its global audio platform. The move also positions the company to better allocate capital toward its AI and global expansion strategies.
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