QuantaSing Group Limited announces an Equity Buyback for $20 million worth of its shares.

QuantaSing Group Limited (NasdaqGM:QSG) announces a share repurchase program. Under the program, the company will repurchase up to $20 million of its Class A ordinary shares in the form of American depositary shares (“ADSs”). The company will fund the repurchases from its existing cash balance.

The program will be valid for 12 months.