Sound Group Announces Cancellation of Repurchased Shares

Core Points - Sound Group Inc has successfully completed its share repurchase program, canceling a total of 951,252 American depositary shares (ADSs) for approximately US$4 million [1][2][3] - The cancellation of these shares has resulted in approximately 832 million ordinary shares outstanding, equivalent to 4.16 million ADSs [2] - The CEO of Sound Group expressed confidence in the company's intrinsic value and long-term growth prospects, emphasizing the commitment to enhancing shareholder value through share repurchase and cash dividend programs [3] 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 [4] - The company has been listed on Nasdaq since January 2020 [4]