{"id":536123,"date":"2021-09-09T07:04:05","date_gmt":"2021-09-09T11:04:05","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/joyy-inc-announces-new-share-repurchase-plan\/"},"modified":"2021-09-09T07:04:05","modified_gmt":"2021-09-09T11:04:05","slug":"joyy-inc-announces-new-share-repurchase-plan","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/joyy-inc-announces-new-share-repurchase-plan\/","title":{"rendered":"JOYY Inc. Announces New Share Repurchase Plan"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"justify\">SINGAPORE, Sept.  09, 2021  (GLOBE NEWSWIRE) &#8212; JOYY Inc. (NASDAQ: YY) (\u201cJOYY\u201d or the \u201cCompany\u201d, formerly known as YY Inc.), a global video-based social media company, today announced that its board of directors has authorized a new share repurchase plan under which the Company may repurchase up to US$200 million of its shares over the next 12 months. The share repurchases 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. JOYY\u2019s board of directors will review the share repurchase plan periodically, and may authorize adjustment of its terms and size. The Company expects to fund repurchases made under this plan from its existing funds.<\/p>\n<p align=\"justify\">\n        <strong>About JOYY Inc.<\/strong>\n      <\/p>\n<p align=\"justify\">JOYY is a leading global social media company that enables users to interact with each other in real time through online live media. On a mission to connect people and enrich their lives through video, JOYY currently operates several social products, including Bigo Live for live streaming, Likee for short-form videos, Hago for casual games, and instant messaging product and others. The Company has created a highly engaging and vibrant user community for users across the globe. JOYY was listed on the NASDAQ in November 2012.<\/p>\n<p align=\"justify\">\n        <strong>Safe Harbor Statement<\/strong>\n      <\/p>\n<p align=\"justify\">This announcement contains forward-looking statements. These statements are made under the \u201csafe harbor\u201d provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as \u201cwill,\u201d \u201cexpects,\u201d \u201canticipates,\u201d \u201cfuture,\u201d \u201cintends,\u201d \u201cplans,\u201d \u201cbelieves,\u201d \u201cestimates\u201d and similar statements. Among other things, JOYY\u2019s strategic and operational plans may contain forward-looking statements. JOYY may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (\u201c<strong>SEC<\/strong>\u201d), in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about JOYY\u2019s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: JOYY\u2019s goals and strategies; JOYY\u2019s future business development, results of operations and financial condition; the expected growth of the online communication social platform market in China; the expectation regarding the rate at which to gain active users, especially paying users; JOYY\u2019s ability to monetize the user base; fluctuations in general economic and business conditions in China; the impact of the COVID-19 to JOYY\u2019s business operations and the economy in China and elsewhere generally; and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in JOYY\u2019s filings with the SEC. All information provided in this press release and in the attachments is as of the date of this press release, and JOYY does not undertake any obligation to update any forward-looking statement, except as required under applicable law.<\/p>\n<p align=\"start\">\n        <strong>Investor Relations Contact<\/strong>\n      <\/p>\n<p align=\"start\">JOYY Inc. <br \/> Jane Xie\/Maggie Yan <br \/> Email: <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=BL-LTbUgIgnKzT1OLbf_QYL4d1ctobgxgG8Fa_ikEwd7P-_7yFC6xnG1kX2nNNzjXHt4J2TPv3FpBmz89_pMjw==\" rel=\"nofollow noopener\" target=\"_blank\"><u>joyy-ir@joyy.sg<\/u><\/a><\/p>\n<p align=\"start\">ICR, LLC <br \/> Robin Yang <br \/> Email: <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=8fxC2zfE4s3B3bjH1cv2DhBJMbQNvFpMJ3zL4I0EtRa-GxKcG_xuZ50e7ct3dUn2Qwha-v9_7CbD_R-tTpRp7Q==\" rel=\"nofollow noopener\" target=\"_blank\">joyy@icrinc.com<\/a><\/p>\n<p \/>\n      <img decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODMyMzAwNyM0Mzk2OTMxIzIwMjY0NjA=\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" src=\"https:\/\/ml.globenewswire.com\/media\/NmQ2ZWM5ZGEtZjQ5Ny00ZWU1LTkxYTUtYTFmNzEzYjU3ZGYwLTEwMzk5NTY=\/tiny\/JOYY-Inc-.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>SINGAPORE, Sept. 09, 2021 (GLOBE NEWSWIRE) &#8212; JOYY Inc. (NASDAQ: YY) (\u201cJOYY\u201d or the \u201cCompany\u201d, formerly known as YY Inc.), a global video-based social media company, today announced that its board of directors has authorized a new share repurchase plan under which the Company may repurchase up to US$200 million of its shares over the next 12 months. The share repurchases 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. JOYY\u2019s board of directors will review the share repurchase plan periodically, and may authorize adjustment of its terms and &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/joyy-inc-announces-new-share-repurchase-plan\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;JOYY Inc. Announces New Share Repurchase Plan&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-536123","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>JOYY Inc. Announces New Share Repurchase Plan - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/joyy-inc-announces-new-share-repurchase-plan\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"JOYY Inc. Announces New Share Repurchase Plan - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"SINGAPORE, Sept. 09, 2021 (GLOBE NEWSWIRE) &#8212; JOYY Inc. (NASDAQ: YY) (\u201cJOYY\u201d or the \u201cCompany\u201d, formerly known as YY Inc.), a global video-based social media company, today announced that its board of directors has authorized a new share repurchase plan under which the Company may repurchase up to US$200 million of its shares over the next 12 months. The share repurchases 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. JOYY\u2019s board of directors will review the share repurchase plan periodically, and may authorize adjustment of its terms and &hellip; Continue reading &quot;JOYY Inc. 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