SCHEDULE: Agora Inc. Beneficial Ownership Update

Bin (Tony) Zhao, through associated entities, reports beneficial ownership of 27.0% of Agora Inc.'s ordinary shares as of March 31, 2026.

Summary

• This filing is an amendment to a Schedule 13G, reporting changes in beneficial ownership of Agora, Inc. securities.
• Bin (Tony) Zhao, along with Much ado Limited and YY TZ Limited, collectively holds 91,277,391 ordinary shares.
• This represents 27.0% of the total outstanding ordinary shares of Agora, Inc.
• The shares are comprised of 76,179,938 Class B ordinary shares held by Much ado Limited and 15,097,453 Class A ordinary shares held by YY TZ Limited.
• The calculation of the percentage ownership is based on 338,199,143 ordinary shares outstanding as of March 31, 2026, as per Agora's Form 20-F filed on April 15, 2026.
• Bin (Tony) Zhao is the sole director of both Much ado Limited and YY TZ Limited, granting him discretionary authority over the voting and disposition of shares held by these entities.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this filing as neutral; it's a routine disclosure of ownership and does not provide new financial or strategic information that would inherently move sentiment.

Positives

• Bin (Tony) Zhao maintains significant beneficial ownership (27.0%) in Agora, Inc., indicating continued substantial interest and control.
• The filing clarifies the structure of ownership through dedicated entities (Much ado Limited and YY TZ Limited), providing transparency.
• The reporting is up-to-date as of March 31, 2026, reflecting current shareholding status.

Negatives

• The filing does not contain financial performance data or operational updates, focusing solely on ownership.
• No specific reasons for the ownership structure or potential future changes in holdings are provided.

Risks

• Concentration of voting power in a single individual (Bin (Tony) Zhao) could lead to governance concerns if not balanced by other mechanisms.
• The reliance on offshore entities (British Virgin Islands) for shareholding might introduce complexities in regulatory oversight or transparency for some investors.

Future Outlook

The filing does not contain any forward-looking statements or guidance regarding future shareholdings or company performance.

Management Comments

• Mr. Bin (Tony) Zhao is the sole director and has discretionary authority to vote and dispose of shares held by Much ado Limited and YY TZ Limited.
• The percentage of the class of securities beneficially owned is calculated based on 338,199,143 ordinary shares as a single class, comprising 262,019,205 Class A and 76,179,938 Class B ordinary shares outstanding as of March 31, 2026.

Industry Context

StockSavvy.ai notes that Schedule 13G filings are standard for institutional investors and significant shareholders to report their holdings. This filing indicates a substantial, concentrated ownership stake in Agora, Inc., which is typical for founders or early investors in technology companies, particularly those operating in competitive markets like cloud services or communication platforms.

Stakeholder Impact

• Shareholders: The concentration of ownership may influence corporate decision-making and board composition.
• Management: Reinforces the significant influence of Bin (Tony) Zhao on the company's strategic direction.
• Potential Investors: Provides clarity on the major beneficial owner, which is a key factor in investment analysis.

Next Steps

• Continued monitoring of future Schedule 13G filings for any changes in beneficial ownership.
• Review of Agora, Inc.'s financial reports (Form 20-F) for operational and strategic context.

Key Dates

Keywords

Agora Inc., Schedule 13G, Beneficial Ownership, Bin (Tony) Zhao, Much ado Limited, YY TZ Limited, Class A Ordinary Shares, Class B Ordinary Shares, Shareholder, SEC Filing