Sound Group Inc. Announces $4 Million Share Repurchase Program

Core Viewpoint - Sound Group Inc. has announced a share repurchase program with an aggregate value of up to $4 million, reflecting the company's confidence in its growth prospects and commitment to delivering sustainable value to stakeholders [1][2]. Company Overview - Sound Group Inc. is a global audio-centric social and entertainment company, aiming to build the world's largest audio platform to enhance human connection through sound [3]. Share Repurchase Program Details - The share repurchase program allows the company to buy back its Class A ordinary shares, including those in the form of American depositary shares, starting immediately [1]. - The repurchases may occur in the open market at prevailing prices, through privately negotiated transactions, block trades, or other legally permissible means, depending on market conditions [2]. - Funding for the repurchases will come from the company's existing cash balance or future cash generated from operations [2].