Huya announced on August 13 that on August 15, 2023, the company's board of directors authorized a stock repurchase plan, under which the company can repurchase up to $100 million in ADS or common stock within 12 months. As of June 30, 2024, the company has repurchased 17.1 million ADS, with a total value of $56.7 million under this plan.
In August 2024, the company's board of directors authorized the extension and continued use of unused quotas under the existing stock repurchase plan, which is valid until March 31, 2025.
The board of directors of the company has approved the distribution of a special cash dividend, which will distribute a dividend of $1.08 per ordinary share or ADS (American Depositary Share) to shareholders. The total amount of the special cash dividend to be distributed is expected to be approximately $250 million.