Bilibili announces $200M share repurchase program

The company announced that its board of directors has authorized a share repurchase program under which the company may repurchase up to $200M of its publicly traded securities for the next 24 months. The company’s shareholders have approved to grant an annual share repurchase mandate to its board of directors in accordance with the Hong Kong Listing Rules at the company’s annual general meeting held on June 28, which shall be valid until the company’s next annual general meeting unless revoked or varied. The company also plans to obtain its shareholders’ approval for a share repurchase mandate at its next annual general meeting.