BILIBILI-W (09626) announces a new $300 million share repurchase plan.

BILIBILI-W (09626) announces that its Board of Directors has authorized a new share repurchase program. Under this program, the company may repurchase its shares (including its Z class ordinary shares and/or American depositary shares) not exceeding 300 million US dollars within the next 24 months, effective from the date of this announcement. The proposed repurchases may be made from time to time on the open market at prevailing market prices, through private negotiations, block trades, and/or other legal methods (including through Rule 10b5-1 trading plans), depending on market conditions and in compliance with applicable laws, rules, and regulations. The Board of Directors will review the share repurchase program regularly and may authorize adjustments to its terms and size. The company plans to use its existing cash reserves to fund the repurchases.