BuybackJun 24, 2026, 06:46 AM
Kanzhun Repurchases RMB30M Shares; YTD Total RMB1.94B
AI Summary
Kanzhun Ltd announced the continued execution of its share repurchase program, utilizing nearly RMB30 million to repurchase 673,766 ordinary shares on June 23, 2026. This brings the year-to-date 2026 share repurchases to nearly RMB1.94 billion. The company's Board previously approved an increase in the total authorization for the program to US$400 million, extending through August 28, 2027. Additionally, Kanzhun committed to allocating no less than 50% of its preceding fiscal year's adjusted net income for dividends and share repurchases for each of the three years starting from 2026.
Key Highlights
- Kanzhun repurchased 673,766 ordinary shares for nearly RMB30 million on June 23, 2026.
- Year-to-date 2026, the company has repurchased nearly RMB1.94 billion in shares.
- Share repurchase program authorization increased to US$400 million through August 28, 2027.
- Company will allocate no less than 50% of preceding fiscal year's adjusted net income for dividends and share repurchases.
- This policy applies for each of the three years starting from 2026.
Price Impact
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