Douyu international holdings limited announces share repurchase program

Wuhan, china, aug. 30, 2021 /prnewswire/ -- douyu international holdings limited ("douyu" or the "company") (nasdaq: doyu), a leading game-centric live streaming platform in china and a pioneer in the esports value chain, today announced that its board of directors has authorized a share repurchase program under which the company may repurchase up to us$100 million of its ordinary shares in the form of american depositary shares during a period of up to 12 months commencing on august 30, 2021, subject to the relevant rules under the securities exchange act of 1934, as amended (the"exchange act"), and the company's insider trading policy.  the company's share repurchases may be made from time to time on the open market at prevailing market prices, in open-market transactions, privately negotiated transactions or block trades, and/or through other legally permissible means, depending on market conditions and in accordance with the applicable rules and regulations.
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