Agora, Inc. (NASDAQ:API) ("the Company"), a pioneer and leader in conversational AI and real-time engagement technology, today announced that Mr. Tony Zhao, founder, chairman and CEO of Agora, has informed Agora's board of directors of his intention to use his personal funds to purchase up to an aggregate of US$20 million of Agora's American depositary shares ("ADSs") or Class A ordinary shares in the next 12 months, pursuant and subject to applicable rules and regulations and Agora's insider trading policy.

The management share purchases may be made from time to time in the open market at prevailing market prices, in privately negotiated transactions, in block trades and/or through other legally permissible means, depending on market conditions and in accordance with applicable rules and regulations.