{"id":995865,"date":"2026-08-17T07:35:56","date_gmt":"2026-08-17T11:35:56","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/ucloudlink-group-inc-announces-us2000000-share-repurchase-program\/"},"modified":"2026-08-17T07:35:56","modified_gmt":"2026-08-17T11:35:56","slug":"ucloudlink-group-inc-announces-us2000000-share-repurchase-program","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/ucloudlink-group-inc-announces-us2000000-share-repurchase-program\/","title":{"rendered":"UCLOUDLINK GROUP INC. Announces US$2,000,000 Share Repurchase Program"},"content":{"rendered":"
\n

HONG KONG, Aug. 17, 2026 (GLOBE NEWSWIRE) — UCLOUDLINK GROUP INC. (\u201cUCLOUDLINK\u201d or the \u201cCompany\u201d) (NASDAQ: UCL), the world\u2019s first and leading mobile data traffic sharing marketplace, today announced its board of directors has authorized a share repurchase program under which the Company may repurchase up to US$2,000,000 of its Class A ordinary shares until the close of business on December 31, 2027, U.S. Eastern Time. The Company plans to adopt and implement this share repurchase program in accordance with applicable rules and requirements under the Securities Exchange Act of 1934, as amended, and the Company\u2019s insider trading policy.<\/p>\n

The Company\u2019s proposed repurchases may be made from time to time in the open market at prevailing market prices, in block trades and\/or through other legally permissible means, depending on market conditions and in accordance with applicable rules and regulations. The timing and dollar amount of repurchase transactions will be subject to the Securities and Exchange Commission Rule 10b-18 and\/or Rule 10b5-1 requirements. The Company\u2019s board of directors may review the share repurchase program periodically, and may authorize adjustment of its terms and size. The Company expects to fund the repurchases out of its existing cash balance.<\/p>\n

The new share repurchase program is intended to be utilized for the Company’s employee stock ownership plan equity incentive pool or for cancellation.<\/p>\n

\n About UCLOUDLINK GROUP INC.<\/strong>\n <\/p>\n

UCLOUDLINK is the world\u2019s first and leading mobile data traffic sharing marketplace, pioneering the sharing economy business model for the telecommunications industry. The Company\u2019s products and services deliver unique value propositions to mobile data users, handset and smart-hardware companies, mobile virtual network operators (MVNOs) and mobile network operators (MNOs). Leveraging its innovative cloud SIM technology and architecture, the Company has redefined the mobile data connectivity experience by allowing users to gain access to mobile data traffic allowance shared by network operators on its marketplace, while providing reliable connectivity, high speeds and competitive pricing.<\/p>\n

\n Safe Harbor Statement<\/strong>\n <\/p>\n

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 \u201cconfident\u201d and similar statements. Among other things, the financial guidance and quotations from management in this announcement, as well as UCLOUDLINK\u2019s strategic and operational plans, contain forward-looking statements. UCLOUDLINK may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission, 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 but not limited to statements about UCLOUDLINK\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: UCLOUDLINK\u2019s strategies; UCLOUDLINK\u2019s future business development, financial condition and results of operations; UCLOUDLINK\u2019s ability to increase its user base and usage of its mobile data connectivity services, and improve operational efficiency; competition in the global mobile data connectivity service industry; changes in UCLOUDLINK\u2019s revenues, costs or expenditures; governmental policies and regulations relating to the global mobile data connectivity service industry, general economic and business conditions globally and in China; and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in the Company\u2019s filings with the Securities and Exchange Commission. All information provided in this press release and in the attachments is as of the date of the press release, and UCLOUDLINK undertakes no duty to update such information, except as required under applicable law.<\/p>\n

\n For more information, please contact:<\/strong>\n <\/p>\n

UCLOUDLINK GROUP INC.
Daniel GaoTel: +852-2180-6111
E-mail: ir@ucloudlink.com<\/a><\/p>\n

Investor Relations:
Christensen Advisory
Christian Arnell, Managing Director
Tel: +852-2117-0861
E-mail: ucloudlink@christensencomms.com<\/a><\/p>\n

\"\"
\n
\n \"\"\n <\/div>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

HONG KONG, Aug. 17, 2026 (GLOBE NEWSWIRE) — UCLOUDLINK GROUP INC. (\u201cUCLOUDLINK\u201d or the \u201cCompany\u201d) (NASDAQ: UCL), the world\u2019s first and leading mobile data traffic sharing marketplace, today announced its board of directors has authorized a share repurchase program under which the Company may repurchase up to US$2,000,000 of its Class A ordinary shares until the close of business on December 31, 2027, U.S. Eastern Time. The Company plans to adopt and implement this share repurchase program in accordance with applicable rules and requirements under the Securities Exchange Act of 1934, as amended, and the Company\u2019s insider trading policy. The Company\u2019s proposed repurchases may be made from time to time in the open market at prevailing market prices, in block … <\/p>\n

Continue reading “UCLOUDLINK GROUP INC. Announces US$2,000,000 Share Repurchase Program”<\/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-995865","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nUCLOUDLINK GROUP INC. Announces US$2,000,000 Share Repurchase Program - 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\/ucloudlink-group-inc-announces-us2000000-share-repurchase-program\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"UCLOUDLINK GROUP INC. 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