HONG KONG, Aug.  17, 2026  (GLOBE NEWSWIRE) -- UCLOUDLINK GROUP INC. (&#34;UCLOUDLINK&#34; or the &#34;Company&#34;) (NASDAQ:UCL), the world’s first and leading mobile data traffic sharing marketplace, today announced

UCLOUDLINK GROUP INC. Announces US$2,000,000 Share Repurchase Program

UCLOUDLINK approves $2 million buyback through 2027; modest positive signal

<section class="insight" data-version="1">
  <section data-block="information">
    <h3>Information</h3>
    <p>HONG KONG, Aug.  17, 2026  (GLOBE NEWSWIRE) -- UCLOUDLINK GROUP INC. (&amp;#34;UCLOUDLINK&amp;#34; or the &amp;#34;Company&amp;#34;) (NASDAQ:UCL), the world’s first and leading mobile data traffic sharing marketplace, today announced</p>
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  <section data-block="ai-summary-paragraph">
    <h3>AI Summary</h3>
    <p>UCLOUDLINK announced a share repurchase program allowing up to $2 million of Class A shares to be bought back through December 31, 2027, funded from existing cash. The plan may support the stock and reduce share count, with potential use for the ESOP pool or cancellation. Execution cadence and actual impact will hinge on market conditions and management decisions.</p>
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  <section data-block="ai-summary-bullets">
    <h3>Key Points</h3>
    <ul><li>Board authorizes up to $2M repurchase of Class A shares through 12/31/2027.</li><li>Repurchases may occur in open market, blocks, or other permissible means.</li><li>Funding from existing cash balance; subject to Rule 10b-18/10b5-1.</li><li>Intended use: ESOP pool or cancellation of shares.</li></ul>
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  <section data-block="companies-mentioned">
    <h3>Companies Mentioned</h3>
    <ul><li><strong>UCLOUDLINK GROUP INC. (UCL)</strong>: Board authorized up to $2M buyback; signals capital return and potential price support.</li><li><strong>Christensen Advisory (N/A)</strong>: IR adviser; no direct market impact; communications support for the program.</li><li><strong>Nasdaq, Inc. (NDAQ)</strong>: Exchange listing for UCL; implied liquidity context but no immediate price driver.</li></ul>
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  <section data-block="category">
    <h3>Corporate Developments</h3>
    <p>Category: Corporate Developments. The item reflects capital allocation decisions (buyback) by management and could influence perception of shareholder value and liquidity, typical of corporate actions rather than earnings or industry shifts.</p>
  </section>

  <section data-block="market-moving">
    <h3>Market-Moving</h3>
    <ul><li>Buyback authorization could provide near-term stock price support.</li><li>Program size is modest relative to a typical micro/SMID cap float.</li><li>Funding from cash balance limits liquidity impact; no debt implication.</li><li>Execution pace and price conditions will drive any relief rallies.</li></ul>
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  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>Date of announcement: Aug 17, 2026.</li><li>Buyback cap: up to $2,000,000.</li><li>Share class: Class A ordinary shares.</li><li>Duration: through Dec 31, 2027 (ET).</li><li>Funding: existing cash balance.</li><li>Intended use: ESOP pool or cancellation.</li></ul>
  </section>

  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>Near-term upside potential for UCL if buybacks commence; long-term impact requires stronger fundamentals.</p>
  </section>
</section>


<link type="text/css" rel="stylesheet" href="https://www.globenewswire.com/styles/gnw_nitf.css"></link><p align="justify">HONG KONG, Aug.  17, 2026  (GLOBE NEWSWIRE) -- UCLOUDLINK GROUP INC. ("UCLOUDLINK" or the "Company") (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/UCL">UCL</a>), the world’s first and leading mobile data traffic sharing marketplace, today announced its board of directors has authorized a share repurchase program under which the Company may repurchase up to US$2,000,000 of its Class A ordinary shares until the close of business on December 31, 2027, U.S. Eastern Time. The Company plans to adopt and implement this share repurchase program in accordance with applicable rules and requirements under the Securities Exchange Act of 1934, as amended, and the Company’s insider trading policy.</p>  <p align="justify">The Company’s proposed repurchases may be made from time to time in the open market at prevailing market prices, in block trades and/or through other legally permissible means, depending on market conditions and in accordance with applicable rules and regulations. The timing and dollar amount of repurchase transactions will be subject to the Securities and Exchange Commission Rule 10b-18 and/or Rule 10b5-1 requirements. The Company’s board of directors may review the share repurchase program periodically, and may authorize adjustment of its terms and size. The Company expects to fund the repurchases out of its existing cash balance.</p>  <p align="justify">The new share repurchase program is intended to be utilized for the Company&#39;s employee stock ownership plan equity incentive pool or for cancellation.</p>  <p align="justify"><strong>About UCLOUDLINK GROUP INC.</strong></p>  <p align="justify">UCLOUDLINK is the world’s first and leading mobile data traffic sharing marketplace, pioneering the sharing economy business model for the telecommunications industry. The Company’s products and services deliver unique value propositions to mobile data users, handset and smart-hardware companies, mobile virtual network operators (MVNOs) and mobile network operators (MNOs). Leveraging its innovative cloud SIM technology and architecture, the Company has redefined the mobile data connectivity experience by allowing users to gain access to mobile data traffic allowance shared by network operators on its marketplace, while providing reliable connectivity, high speeds and competitive pricing.</p>  <p align="justify"><strong>Safe Harbor Statement</strong></p>  <p align="justify">This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," "confident" and similar statements. Among other things, the financial guidance and quotations from management in this announcement, as well as UCLOUDLINK’s strategic and operational plans, contain forward-looking statements. UCLOUDLINK may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including but not limited to statements about UCLOUDLINK’s beliefs and expectations, are forward-looking statements. Forward looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: UCLOUDLINK’s strategies; UCLOUDLINK’s future business development, financial condition and results of operations; UCLOUDLINK’s ability to increase its user base and usage of its mobile data connectivity services, and improve operational efficiency; competition in the global mobile data connectivity service industry; changes in UCLOUDLINK’s revenues, costs or expenditures; governmental policies and regulations relating to the global mobile data connectivity service industry, general economic and business conditions globally and in China; and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in the Company’s filings with the Securities and Exchange Commission. All information provided in this press release and in the attachments is as of the date of the press release, and UCLOUDLINK undertakes no duty to update such information, except as required under applicable law.</p>  <p align="justify"><strong>For more information, please contact:</strong></p>  <p>UCLOUDLINK GROUP INC.<br></br>Daniel GaoTel: +852-2180-6111<br></br>E-mail: <a href="https://www.globenewswire.com/Tracker?data=w6E5DlCY1sYxONzFLe7W8pWcopOT8-ekmLDRf0kODA9LQB4PYN0Kqdr0EbRQMakynKFIJLOKcULjuDSWI-gWGuIsIWgPmuVuEoSNqgE_XFZu4UGBsjbG42fp3smWpe45ZAg9AJaeC938UlYkqlNCAah5Ptli3JzgDaaW7YQ8nwLFxEvOFIW4IkCtn_TuJShAeqmi5q2dJUJV_pxtvd_Q9UunizWh53mUIsWcgqqabImKAoiResITAexTwp0EgiCTkmZB3tJIcwOKSDvaUPEsyQ==" rel="nofollow" target="_blank">ir@ucloudlink.com</a></p>  <p>Investor Relations:<br></br>Christensen Advisory<br></br>Christian Arnell, Managing Director<br></br>Tel: +852-2117-0861<br></br>E-mail: <a href="https://www.globenewswire.com/Tracker?data=93rQpdvN2jooDDUwx2GuwvQbceJ3X7ATu7_o-3Cu5xFlrT7JVk67dsn_qdK0l9UMCuNd1_h5eyfiTe0-0MPmxXwOZAZEAu8FjX1k2Jt4_m33ENMw6wmAGFDIdiCijkZyQxSVtpZ55yJ-bsm0BA7k1O3CesQZJVXhHZtwmeXpJC5e0oPM4ywpjeZlGFLXSVIJYPeAZuy2YlkUNYfAIW6UDfrUTGGsHtv6I2H5TQg82rV7ZN5J25mco3iynetJEIRenoPZJzdqlWlNnyAUl8-NWb0XWzJaml-I_t-Sqx1SCE6yiU7S_U6JUfIrxSg5Moh1dliI8NHc5BALxXwQAPaStw==" rel="nofollow" target="_blank">ucloudlink@christensencomms.com</a></p> <img alt="" class="__GNW8366DE3E__IMG" src="https://www.globenewswire.com/newsroom/ti?nf=OTgxMTE0NCM3Nzc5NDI1IzIxODgyNjE="></img> <br></br><img alt="" src="https://ml.globenewswire.com/media/ZTkzZGM1NDYtZjA0NS00MmQ3LTlkNDEtMDFiM2UwYmEzZWJjLTExOTk4MTQtMjAyNi0wOC0xNy1lbg==/tiny/uCloudlink-Group-Inc-.png" referrerpolicy="no-referrer-when-downgrade"></img>

UCLOUDLINK announced a share repurchase program allowing up to $2 million of Class A shares to be bought back through December 31, 2027, funded from existing cash. The plan may support the stock and reduce share count, with potential use for the ESOP pool or cancellation. Execution cadence and actual impact will hinge on market conditions and management decisions.

News insight

UCLOUDLINK GROUP INC. Announces US$2,000,000 Share Repurchase Program

AI summary

Sentiment rationale

Key facts

Corporate Developments