SCHEDULE: Morningside & 5Y Capital Disclose Agora Holdings

Multiple investment entities, including Morningside and 5Y Capital, have disclosed their beneficial ownership stakes in Agora, Inc.'s Class A ordinary shares as of June 30, 2025.

Summary

• TMT General Partner Ltd. beneficially owns 23,225,227 Class A ordinary shares of Agora, Inc., representing 8.1% of the class outstanding.
• This ownership by TMT General Partner Ltd. includes shares held by Morningside China TMT Fund II, L.P. (745,108 shares), Morningside China TMT Top Up Fund, L.P. (8,665,496 shares), Morningside China TMT Special Opportunity Fund II, L.P. (12,558,748 shares), and Morningside China TMT Fund IV Co-Investment, L.P. (1,255,875 shares).
• Morningside China TMT GP II, L.P. beneficially owns 9,410,604 shares, or 3.3% of the class.
• Morningside China TMT GP IV, L.P. beneficially owns 13,814,623 shares, or 4.8% of the class.
• 5Y Capital GP Limited beneficially owns 8,901,703 Class A ordinary shares, representing 3.1% of the class outstanding.
• This ownership by 5Y Capital GP Limited includes shares held by Evolution Special Opportunity Fund I, L.P. (7,740,611 shares) and Evolution Fund I Co-investment, L.P. (1,161,092 shares).
• The ownership percentages are calculated based on 286,708,413 Class A ordinary shares outstanding as of June 30, 2025, as informed by Agora, Inc.

Sentiment

Score: 5

Explanation: The filing is a routine beneficial ownership disclosure (Schedule 13G Amendment), which is generally neutral in sentiment as it primarily provides transparency on existing stakes rather than new operational or financial news.

Future Outlook

This filing is a disclosure of beneficial ownership and does not contain forward-looking statements or guidance regarding Agora, Inc.'s future performance or operations.

Industry Context

This filing provides transparency into the ownership structure of Agora, Inc., a common practice for publicly traded companies. It reflects the investment positions of specific funds within the technology, media, and telecom (TMT) sector, which is typical for growth-oriented companies like Agora.

Stakeholder Impact

• Shareholders: Provides transparency regarding significant institutional ownership stakes, which can influence market perception and liquidity.
• Regulatory Bodies: Fulfills SEC disclosure requirements for beneficial ownership, ensuring compliance and market transparency.

Key Dates

Keywords

Agora Inc, AGORA, Beneficial Ownership, SEC Filing, Schedule 13G, Investment Funds, Morningside, 5Y Capital, Class A Shares, Shareholding Disclosure