Sound Group (SOGP) Announces $4M Share Buyback

Sound Group Inc. (“Sound Group” or the “Company”) (NASDAQ: SOGP), a global audio-centric social and entertainment company, today announced that its board of directors (the “Board”) has approved a share repurchase program whereby the Company is authorized to repurchase its Class A ordinary shares (including Class A ordinary shares in the form of American depositary shares) with an aggregate value of up to $4 million, starting from today.

Mr. Jinnan (Marco) Lai, Founder, CEO, and Chairman of Sound Group, said, “We remain steadfast in our commitment to generating sustainable value for all our stakeholders. This $4 million share repurchase program underscores our confidence in Sound Group’s growth prospects while supporting our flexible capital structure and strategic growth. Moving forward, we will continue to deliver lasting value for our shareholders, users, and the broader community by expanding our market presence, fostering innovation, and enhancing our resilience.”

The proposed 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. The number of ADSs repurchased and the timing or conditions of repurchases may depend on a number of factors, including, but not limited to, share price, trading volume and general market conditions, along with Sound Group’s working capital requirements and general business conditions, and will comply with applicable rules and regulations. Sound Group plans to fund the repurchases out of its existing cash balance or future cash generated by operating activities.

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