Bilibili Inc. has repurchased 4.8 million of its listed securities for a total cost of approximately $100.1 million for the six months ended June 30, 2026. This activity is part of the company's 2026 Share Repurchase Program, a two-year initiative adopted in June 2026 to buy back up to $300 million of its Class Z ordinary shares and/or American Depositary Shares (ADSs). The program aims to enhance shareholder value by reducing the number of outstanding shares, utilizing the company's existing cash balance to fund the repurchases without compromising operational liquidity.

As of June 30, 2026, the company had repurchased a total of 1.9 million listed securities for approximately $31.3 million pursuant to the 2026 Share Repurchase Program. The board of directors retains the authority to adjust the program's terms and size, with repurchases executed through methods such as open market transactions, privately negotiated deals, block trades, or Rule 10b5-1 trading plans, subject to market conditions and regulatory compliance.

Bilibili Inc. is an iconic brand and a leading video community for young generations in China. The company offers a wide array of video-based content with "All the Videos You Like" as its value proposition. Bilibili pioneered the "bullet chatting" feature, a live comment function that has transformed users’ viewing experience, establishing the platform as a welcoming home for diverse interests and a frontier for promoting Chinese culture globally.

Bilibili Inc. announced that all proposed resolutions outlined in its annual general meeting notice dated April 16, 2026, were adopted at the meeting held in Shanghai, China, on June 17, 2026. The adoption of these resolutions approves all corporate authorizations and actions contemplated therein, including the re-election of key directors and the authorization of share-related mandates.

Director Re-elections

The company's shareholders voted to re-elect Mr. Rui Chen as a director of Bilibili Inc. Additionally, Mr. Eric He and Mr. Guoqi Ding were re-elected as independent directors of the company. These appointments ensure continuity in the company's leadership structure.

Share Mandates Approved

The directors have been granted a general mandate to issue, allot, and deal with additional Class Z ordinary shares or equivalents. Furthermore, the board received a general mandate to repurchase the company's own shares. The specific terms and periods for these mandates are detailed in the AGM Notice dated April 16, 2026.

Corporate Governance Updates

Bilibili Inc. adopted the ninth amended and restated memorandum of association and articles of association. These documents have become effective immediately following the adoption at the annual general meeting.