Opera Limited Share Repurchase Program and Stock Purchase Agreement

Opera Limited announced a discretionary share repurchase program of up to $300 million over two years. As part of this program, Hong Kong Kunlun Tech Holding Limited (KTL), a major shareholder, entered into a Stock Purchase Agreement with the Issuer on March 24, 2026. This agreement allows KTL to sell shares to the Issuer on a pro rata basis, aligning with the Issuer's public ADS repurchase program. The initial closing occurred on March 26, 2026, with KTL selling 485,874 ordinary shares to the Issuer for approximately $7.4 million, at a price of $15.21 per share. The agreement includes a mechanism for KTL to continue selling shares to the Issuer in subsequent quarters, ensuring that the repurchase program does not alter the aggregate proportionate ownership interests of the Reporting Persons. The Reporting Persons, including KTL, Kunlun Group Limited, Kunlun Tech Co., Ltd., and Mr. Yahui Zhou, collectively beneficially own approximately 68.0% of Opera Limited's outstanding ordinary shares. This filing is an amendment to a previous Schedule 13D, updating information regarding share ownership and transactions.