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HUYA Inc. Announces New US$50 Million Share Repurchase Program
Prnewswire· 2026-03-18 08:30
Core Viewpoint - HUYA Inc. has announced a new share repurchase program of up to US$50 million, effective immediately, which will replace the previous program set to expire on March 31, 2026 [1][2][3]. Group 1: Share Repurchase Program Details - The new 2026 Share Repurchase Program allows the company to repurchase its American depositary shares (ADSs) and/or ordinary shares over a 24-month period ending on March 18, 2028 [2]. - The previous 2023 Share Repurchase Program, which had an unutilized quota of US$24.5 million, was terminated upon the initiation of the new program [3]. - Repurchases under the new program may occur in the open market, through privately negotiated transactions, block trades, or other legally permissible means, depending on market conditions [4]. Group 2: Company Overview - HUYA Inc. is a leading provider of game-related entertainment and services, offering live streaming and video content, as well as a variety of services in gaming and e-sports [5]. - The company has developed a robust entertainment ecosystem utilizing AI and advanced technologies, serving a diverse community of game enthusiasts and industry partners [5]. - HUYA has expanded its offerings to include innovative game-related services such as game distribution, in-game item sales, and advertising, while continuing to grow its presence both in China and internationally [5].