HUYA Launches US$50 Million ADSs Repurchase Program, Cancels US$24.5M Quota
HUYA’s board has authorized a new US$50 million share repurchase program effective March 18, 2026, valid for 24 months through March 18, 2028. The plan replaces the prior program and cancels the unutilized US$24.5 million quota, with repurchases funded from existing cash and executed via open-market and negotiated transactions.
1. Program Authorization and Scope
The board authorized a new share repurchase program permitting up to US$50 million of American depositary shares and ordinary shares to be repurchased over a 24-month period starting March 18, 2026 and ending March 18, 2028.
2. Previous Program Termination
Upon effectiveness of the new program, the 2023 repurchase plan was terminated and any unutilized quota of US$24.5 million under that plan was cancelled.
3. Execution and Funding
Repurchases may occur in the open market, in block trades or through privately negotiated transactions at prevailing market prices, and will be funded from existing company cash reserves, with periodic reviews and potential term adjustments by the board.