![]() All statements other than statements of historical or current fact included in this press release are forward-looking statements, including but not limited to statements regarding Agora’s financial outlook, beliefs and expectations. ![]() This press release contains ‘‘forward-looking statements’’ within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended and the Private Securities Litigation Reform Act of 1995. As of June 30, 2022, Agora had repurchased US$19.8 million of its ADSs under the share repurchase program and is still authorized to use the remaining quota for repurchases within the term of the plan. ![]() The management share purchase may be made from time to time in the open market at prevailing market prices, in privately negotiated transactions, in block trades and/or through other legally permissible means, depending on market conditions and in accordance with applicable rules and regulations.Īs previously announced, Agora’s board of directors had authorized a share repurchase program, under which Agora may repurchase up to an aggregate of US$200 million of its Class A ordinary shares in the form of ADSs, which is effective until the end of February 2023. Tony Zhao, founder, chairman and CEO of Agora, has informed Agora’s board of directors of his intention to use his personal funds to purchase up to an aggregate of US$30 million of Agora’s ADSs or Class A ordinary shares for the next 12 months, pursuant and subject to relevant rules and regulations and Agora’s insider trading policy. ![]() (NASDAQ: API) (“Agora”), a pioneer and leading platform for real-time engagement APIs, today announced that Mr. ![]()
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