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Bilibili Inc. Announces Completion of the Repurchase Right Offer for Its 0.50% Convertible Senior Notes due 2026

1. Bilibili completed a repurchase of $419 million Convertible Senior Notes. 2. The repurchase offer expired on November 27, 2024. 3. All surrendered notes were accepted for repurchase by Bilibili.

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Why Bullish?

The repurchase reduces debt and signals confidence, potentially boosting shareholder sentiment. Past repurchases often correlate with stock price increases.

How important is it?

This repurchase reflects Bilibili's strategy to manage debt effectively, affecting investor perception. Share buybacks are generally viewed positively, influencing demand for the stock.

Why Short Term?

The immediate effect will likely be seen in the coming weeks. Historical trends show quick price reactions to repurchase announcements.

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BILINASDAQ: BILIHKEX: 9626
November 29, 2024 06:00 ET | Source: Bilibili Inc. SHANGHAI, Nov. 29, 2024 (GLOBE NEWSWIRE) -- Bilibili Inc. (“Bilibili” or the “Company”) (NASDAQ: BILI and HKEX: 9626), an iconic brand and a leading video community for young generations in China, today announced that it has completed its previously announced repurchase right offer relating to its 0.50% Convertible Senior Notes due 2026 (CUSIP No. 090040AF3) (the “Notes”). The repurchase right offer expired at 5:00 p.m., New York City time, on Wednesday, November 27, 2024. Based on information from Deutsche Bank Trust Company Americas as the paying agent for the Notes, US$419,107,000 aggregate principal amount of the Notes were validly surrendered and not withdrawn prior to the expiration of the repurchase right offer. The aggregate cash purchase price of these Notes is US$419,107,000. The Company has accepted all of the surrendered Notes for repurchase and has forwarded cash in payment of the same to the paying agent for distribution to the applicable holders. Materials filed with the SEC will be available electronically without charge at the SEC’s website, http://www.sec.gov. Documents filed with the SEC may also be obtained without charge at the Company’s investor relations website, http://ir.bilibili.com. About Bilibili Inc. Bilibili is an iconic brand and a leading video community with a mission to enrich the everyday lives of young generations in China. Bilibili offers a wide array of video-based content with All the Videos You Like as its value proposition. Bilibili builds its community around aspiring users, high-quality content, talented content creators and the strong emotional bonds among them. Bilibili pioneered the “bullet chatting” feature, a live comment function that has transformed our users’ viewing experience by displaying the thoughts and feelings of audience members viewing the same video. The Company has now become the welcoming home of diverse interests among young generations in China and the frontier for promoting Chinese culture across the world. For more information, please visit: http://ir.bilibili.com. For investor and media inquiries, please contact: In ChinaBilibili Inc.Juliet YangTel: +86-21-2509-9255 Ext. 8523E-mail: ir@bilibili.com Piacente Financial CommunicationsHelen WuTel: +86-10-6508-0677E-mail: bilibili@tpg-ir.com In the United StatesPiacente Financial CommunicationsBrandi PiacenteTel: +1-212-481-2050E-mail: bilibili@tpg-ir.com

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