RTTNews | Aug 30, 2021 05:14AM EDT

05:13 Monday, August 30, 2021 (RTTNews.com) - DouYu International Holdings Limited (DOYU) said its board has authorized a share repurchase program. Under the program, the company is authorized to repurchase up to $100 million of its ordinary shares in the form of American depositary shares during a period of up to 12 months beginning August 30, 2021. DouYu plans to use the company's existing funds to fund repurchases made under the program.

DouYu International Holdings Limited is a game-centric live streaming platform in China. DouYu operates its platform on both PC and mobile apps.

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