Agora CEO Plans $20M Share Purchases Over Next 12 Months

1. Management Share Purchase Plan

Tony Zhao, founder, chairman and CEO of Agora, has informed the board of his intention to spend up to $20 million buying Agora’s American depositary shares or Class A ordinary shares over the coming 12 months.

2. Purchase Mechanisms

The share acquisitions may be executed through open market purchases at prevailing prices, privately negotiated transactions, block trades or other legally permissible means in compliance with insider trading rules.

3. Implications for Stock

The planned purchases underscore management’s confidence in Agora’s growth prospects and could enhance trading liquidity and investor sentiment around the company’s shares.

1. Management Share Purchase Plan

2. Purchase Mechanisms

3. Implications for Stock

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Sources

Agora, Inc. Announces Management Share Purchase Plan

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