HUYA Inc. Provides Update on Share Repurchase Program

Core Viewpoint - Huya Inc. is actively repurchasing its shares to enhance shareholder value, reflecting confidence in its market valuation and future prospects [1][2]. Group 1: Share Repurchase Program - Huya is authorized to repurchase up to US$100 million of its American depositary shares (ADSs) or ordinary shares until March 31, 2026 [1]. - On March 20, 2025, Huya repurchased approximately US$1.1 million worth of its ADSs, nearing the daily repurchase limit under Rule 10b-18 [1]. Group 2: Management Commentary - Mr. Raymond Peng Lei, Acting Co-CEO and CFO, stated that the share repurchase demonstrates the company's commitment to enhancing shareholder value and reflects a belief that the current market valuation does not accurately represent its fundamentals [2]. - The company will continue to evaluate market conditions for future share repurchases, with discretion over timing, frequency, and volume [2]. Group 3: Company Overview - Huya Inc. is a leading game live streaming platform in China, offering dynamic content across games, e-sports, and entertainment genres [3]. - The company has cultivated a large, engaged community of game enthusiasts and is expanding its presence in the game industry both domestically and internationally [3].