#Singapore #share repurchase #51Talk #NYSE COE

51Talk Online Education Group Launches New Share Buyback Program

51Talk Online Education Group, a prominent player in online English education, has announced a new share repurchase program authorized by its board of directors. This program allows the company to buy back up to $10 million worth of its shares, including American Depositary Shares, over the upcoming 12 months, concluding on December 7, 2026.

The decision reflects 51Talk's commitment to enhancing shareholder value amidst evolving market dynamics. The share repurchases may occur through various avenues, such as the open market or privately negotiated transactions, influenced by prevailing market conditions and in compliance with applicable regulations.

According to 51Talk, these buybacks will be funded from the company’s existing cash reserves, showcasing a strategic approach to managing its financial resources. This initiative indicates the company’s confidence in its operational performance and its belief in the long-term growth potential of its online learning platform.

The program aims to optimize capital allocation and underscores the company's commitment to maximizing shareholder returns while pursuing its growth objectives.

Safe Harbor Statement

This announcement encompasses forward-looking statements as defined by the U.S. Private Securities Litigation Reform Act of 1995. The terminology such as "will," "expects," and similar terms signal that these statements pertain to future results and conditions which are inherently uncertain.

About 51Talk Online Education Group

51Talk is recognized globally as a leader in online education, particularly in the realm of English language learning. The company operates with a mission to make quality education both accessible and affordable. Utilizing modern online and mobile platforms, 51Talk offers interactive English lessons on-demand, connecting students with highly qualified teachers through a shared economy model.

Feedback from both students and educators, alongside data analytics, ensures a highly personalized learning experience tailored to the needs of individual learners. This model not only enhances the quality of education provided but also fosters an adaptive learning environment that reflects the dynamic landscape of language acquisition.

As the online education space continues to expand, 51Talk remains dedicated to innovation and service excellence, helping students around the world achieve their language learning objectives in an engaging and effective manner.