# EDGAR Filing Document

**Accession Number:** 0001802883
**File Stem:** 0001193125-26-225315
**Filing Date:** 2026-5
**Character Count:** 12840
**Document Hash:** 9cbdc6693d3bdc3bcbdc4e5a8675c34a
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-26-225315.hdr.sgml**: 20260515

**ACCESSION NUMBER**: 0001193125-26-225315

**CONFORMED SUBMISSION TYPE**: SCHEDULE 13G/A

**PUBLIC DOCUMENT COUNT**: 2

**FILED AS OF DATE**: 20260515

**DATE AS OF CHANGE**: 20260515

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Agora, Inc.
- **CENTRAL INDEX KEY:** 0001802883
- **STANDARD INDUSTRIAL CLASSIFICATION:** SERVICES-PREPACKAGED SOFTWARE [7372]
- **ORGANIZATION NAME:** 06 Technology
- **EIN:** 000000000
- **STATE OF INCORPORATION:** E9
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13G/A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-91567
- **FILM NUMBER:** 26982248

**BUSINESS ADDRESS:**
- **STREET 1:** 2804 MISSION COLLEGE BLVD,
- **CITY:** SANTA CLARA
- **STATE:** CA
- **ZIP:** 95054
- **BUSINESS PHONE:** 1-408-879-5885

**MAIL ADDRESS:**
- **STREET 1:** 2804 MISSION COLLEGE BLVD,
- **CITY:** SANTA CLARA
- **STATE:** CA
- **ZIP:** 95054
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Zhao Bin
- **CENTRAL INDEX KEY:** 0001843236

**ORGANIZATION NAME:**

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13G/A

**MAIL ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** FLOOR 8, BUILDING 12
- **STREET 2:** PHASE III CHUANGZHITIANDI, 333 SONGHU RD
- **CITY:** SHANGHAI
- **PROVINCE COUNTRY:** F4

### Attached PDF Documents

**Attachment 1:** `api-ex99_1.pdf`

_No text found in this document._

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## SCHEDULE 13G

### Under the Securities Exchange Act of 1934

**(Amendment No. 3)**

**Issuer:** Agora, Inc.

**Title of Class of Securities:** Class A ordinary shares, par value US$0.0001 per share

**CUSIP Number:** —

**Date of Event Which Requires Filing of this Statement:** 03/31/2026

**Check the appropriate box to designate the rule pursuant to which this Schedule is filed:**

- [ ] Rule 13d-1(b)

- [ ] Rule 13d-1(c)

- [x] Rule 13d-1(d)

---

| 1. | Names of Reporting Persons<br>Bin (Tony) Zhao | Names of Reporting Persons<br>Bin (Tony) Zhao |
|:---|:---|:---|:---|
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] |
| 3. | SEC Use Only | SEC Use Only |
| 4. | Citizenship or Place of Organization<br>F4 | Citizenship or Place of Organization<br>F4 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 5. | Sole Voting Power<br>0 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 6. | Shared Voting Power<br>91277391 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 7. | Sole Dispositive Power<br>0 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 8. | Shared Dispositive Power<br>91277391 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person<br>91277391 | Aggregate Amount Beneficially Owned by Each Reporting Person<br>91277391 |
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] |
| 11. | Percent of Class Represented by Amount in Row (9)<br>27.0% | Percent of Class Represented by Amount in Row (9)<br>27.0% |
| 12. | Type of Reporting Person (See Instructions)<br>IN | Type of Reporting Person (See Instructions)<br>IN |

**Comment for Type of Reporting Person:** Includes (a) 76,179,938 Class B ordinary shares held by Much ado Limited, a British Virgin Islands company where Mr. Bin (Tony) Zhao is the sole director and, as such, has discretionary authority to vote and dispose of the shares held by Much ado Limited in Agora, Inc.; and (b) 7,267,029 Class A ordinary shares and 7,830,424 Class A ordinary shares (as represented by 1,957,606 ADSs) held by YY TZ Limited, a British Virgin Islands company where Mr. Bin (Tony) Zhao is the sole director and, as such, has discretionary authority to vote and dispose of the shares held by YY TZ Limited in Agora, Inc.

The percentage of the class of securities beneficially owned by each reporting person is calculated based on 338,199,143 ordinary shares as a single class, being the sum of 262,019,205 Class A ordinary shares and 76,179,938 Class B ordinary shares outstanding as of March 31, 2026, as disclosed in Agora, Inc.'s annual report on Form 20-F for the fiscal year ended December 31, 2025, filed with the Securities and Exchange Commission on April 15, 2026.

---

| 1. | Names of Reporting Persons<br>Much ado Limited | Names of Reporting Persons<br>Much ado Limited |
|:---|:---|:---|:---|
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] |
| 3. | SEC Use Only | SEC Use Only |
| 4. | Citizenship or Place of Organization<br>D8 | Citizenship or Place of Organization<br>D8 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 5. | Sole Voting Power<br>0 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 6. | Shared Voting Power<br>76179938 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 7. | Sole Dispositive Power<br>0 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 8. | Shared Dispositive Power<br>76179938 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person<br>76179938 | Aggregate Amount Beneficially Owned by Each Reporting Person<br>76179938 |
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] |
| 11. | Percent of Class Represented by Amount in Row (9)<br>22.5% | Percent of Class Represented by Amount in Row (9)<br>22.5% |
| 12. | Type of Reporting Person (See Instructions)<br>CO | Type of Reporting Person (See Instructions)<br>CO |

---

| 1. | Names of Reporting Persons<br>YY TZ Limited | Names of Reporting Persons<br>YY TZ Limited |
|:---|:---|:---|:---|
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] |
| 3. | SEC Use Only | SEC Use Only |
| 4. | Citizenship or Place of Organization<br>D8 | Citizenship or Place of Organization<br>D8 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 5. | Sole Voting Power<br>0 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 6. | Shared Voting Power<br>15097453 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 7. | Sole Dispositive Power<br>0 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 8. | Shared Dispositive Power<br>15097453 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person<br>15097453 | Aggregate Amount Beneficially Owned by Each Reporting Person<br>15097453 |
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] |
| 11. | Percent of Class Represented by Amount in Row (9)<br>4.5% | Percent of Class Represented by Amount in Row (9)<br>4.5% |
| 12. | Type of Reporting Person (See Instructions)<br>CO | Type of Reporting Person (See Instructions)<br>CO |

---

**Item 1(a). Name of Issuer:**
Agora, Inc.

**Item 1(b). Address of Issuer's Principal Executive Offices:**
Floor 8, Building 12, Phase III of ChuangZhiTianDi, 333 Songhu Road, Yangpu District, Shanghai, 200433, People's Republic of China

**Item 2(a). Name of Person Filing:**
Bin (Tony) Zhao
Much ado Limited
YY TZ Limited

**Item 2(b). Address of Principal Business Office:**
Bin (Tony) Zhaoc/o Agora, Inc.
2804 Mission College Blvd
Santa Clara, California 95054
United States

Much ado Limited
Trident Chambers, PO Box 146
Road Town, Tortola
British Virgin Islands

YY TZ Limited
Luna Tower, Waterfront Drive,
Road Town, Tortola, VG1110
British Virgin Islands

**Item 2(c). Citizenship:**
Mr. Bin (Tony) Zhao - People's Republic of China
Much ado Limited - British Virgin Islands
YY TZ Limited - British Virgin Islands

**Item 2(d). Title of Class of Securities:**
Class A ordinary shares, par value US$0.0001 per share

**Item 2(e). CUSIP Number:**
—

**Item 3. If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:**

(a) [ ] Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o).

(b) [ ] Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).

(c) [ ] Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c).

(d) [ ] Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8).

(e) [ ] An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);

(f) [ ] An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);

(g) [ ] A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);

(h) [ ] A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);

(i) [ ] A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);

(j) [ ] A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), if filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:

(k) [ ] Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).

**Item 4. Ownership:**

**(a) Amount beneficially owned:**

Bin (Tony) Zhao: 91,277,391 ordinary shares, consisting of 76,179,938 Class B ordinary shares held by Much ado Limited, plus 15,097,453 Class A ordinary shares held by YY TZ Limited.
Much ado Limited: 76,179,938 ordinary shares, representing 76,179,938 Class B ordinary shares held by Much ado Limited.
YY TZ Limited: 15,097,453 ordinary shares, representing 15,097,453 Class A ordinary shares held by YY TZ Limited, of which 7,830,424 Class A ordinary shares are represented by 1,957,606 ADSs.

**(b) Percent of class:**

Bin (Tony) Zhao: 27.0%.
Much ado Limited: 22.5%
YY TZ Limited: 4.5%.
The percentage of class is calculated based on 338,199,143 ordinary shares as a single class, being the sum of 262,019,205 Class A ordinary shares and 76,179,938 Class B ordinary shares outstanding as of March 31, 2026, as disclosed in Agora, Inc.'s annual report on Form 20-F for the fiscal year ended December 31, 2025, filed with the SEC on April 15, 2026.

**(c) Number of shares as to which the person has:**

**(i) Sole power to vote or to direct the vote:**

Bin (Tony) Zhao: 0
Much ado Limited: 0
YY TZ Limited: 0

**(ii) Shared power to vote or to direct the vote:**

Bin (Tony) Zhao: 91,277,391 ordinary shares
Much ado Limited: 76,179,938 ordinary shares
YY TZ Limited: 15,097,453 ordinary shares

**(iii) Sole power to dispose or to direct the disposition of:**

Bin (Tony) Zhao: 0
Much ado Limited: 0
YY TZ Limited: 0

**(iv) Shared power to dispose or to direct the disposition of:**

Bin (Tony) Zhao: 91,277,391 ordinary shares
Much ado Limited: 76,179,938 ordinary shares
YY TZ Limited: 15,097,453 ordinary shares

**Item 5. Ownership of Five Percent or Less of a Class.**

[x] If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following.

**Item 6. Ownership of More than 5 Percent on Behalf of Another Person.**

Not Applicable

**Item 7. Identification and Classification of the Subsidiary**

Not Applicable

**Item 8. Identification and Classification of Members of the Group**

Not Applicable

**Item 9. Notice of Dissolution of Group**

Not Applicable

**Item 10. Certification:**

—

### SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Bin (Tony) Zhao**

**Date:** 05/15/2025

**By:** /s/ Bin (Tony) Zhao

**Name & Title:** N/A

**Much ado Limited**

**Date:** 05/15/2025

**By:** /s/ Bin (Tony) Zhao

**Name & Title:** Director

**YY TZ Limited**

**Date:** 05/15/2025

**By:** /s/ Bin (Tony) Zhao

**Name & Title:** Director