HUYA Inc. Provides Update on Share Repurchase Program
HUYA Inc. American depositary shares, each representing one Class A ordinary share (HUYA)
Last huya inc. american depositary shares, each representing one class a ordinary share earnings: 3/16 06:00 pm
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Source: PR Newswire
GUANGZHOU, China, March 21, 2025 /PRNewswire/ -- HUYA Inc. ("Huya" or the "Company") (NYSE: HUYA), a leading game live streaming platform in China, today provided an update on its ongoing share repurchase program in response to investor inquiry. As previously disclosed, under this program, the Company is authorized to repurchase up to US$100 million of its American depositary shares ("ADSs") or ordinary shares until March 31, 2026. In a show of confidence following the recent fluctuations in its stock price, Huya repurchased approximately US$1.1 million worth of its ADSs on March 20, 2025, with the number of ADSs acquired nearly reaching the daily repurchase limit under Rule 10b-18 for that day.Mr. Raymond Peng Lei, Acting Co-Chief Executive Officer and Chief Financial Officer of Huya, commented, "This recent share repurchase demonstrates our commitment to enhancing shareholder value and reflects our belief that the Company's current market valuation does not accurately represent its
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