Yalla Group Ltd
For the period ended Mar 12, 2024. Filed Mar 12, 2024.
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Mar 12, 2024 · Filed Mar 12, 2024
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EX-99.1 · Share repurchase program
Share repurchase program
Pursuant to the Company’s share repurchase program beginning on May 21, 2021 with an extended expiration date of May 21, 2024, the Company completed cash repurchases in the open market of 3,972,876 American depositary shares (“ADSs”), representing 3,972,876 Class A ordinary shares, for an aggregate amount of approximately US$35.5 million, as of December 31, 2023. The aggregate value of ADSs and/or Class A ordinary shares that remain available for purchase under the current share repurchase program was US$114.5 million as of December 31, 2023.
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