Yalla Group Ltd
For the period ended May 20, 2025. Filed May 20, 2025.
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May 20, 2025 · Filed May 20, 2025
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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, 2026, from January 1 through May 16, 2025, the Company repurchased 4,275,812 American depositary shares (“ADSs”), representing 4,275,812 Class A ordinary shares, from the open market with cash for an aggregate amount of approximately US$27.4 million, including US$5.4 million in the first quarter of 2025. As of May 16, 2025, the Company had cumulatively completed cash repurchases in the open market of 11,580,950 ADSs, representing 11,580,950 Class A ordinary shares, for an aggregate amount of approximately US$76.9 million, since the inception of the current share repurchase program. The aggregate value of ADSs and/or Class A ordinary shares that remain available for purchase under the current share repurchase program was US$73.1 million as of May 16, 2025.
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