BuybackJun 26, 2026, 06:46 AM
Kanzhun Repurchases RMB34M Shares; YTD RMB1.99B; $400M Program
AI Summary
Kanzhun Ltd. announced the continued execution of its share repurchase program, repurchasing 777,884 ordinary shares for nearly RMB34 million on June 25, 2026. This brings the total year-to-date repurchases in 2026 to over RMB1.99 billion. The company's Board previously approved an increase in the total authorization for the program to up to US$400 million, extending it through August 28, 2027. Additionally, Kanzhun committed to allocating no less than 50% of the preceding fiscal year's adjusted net income for dividends and share repurchases, starting from 2026.
Key Highlights
- Kanzhun repurchased 777,884 ordinary shares for nearly RMB34 million on June 25, 2026.
- Year-to-date 2026, the company has repurchased over RMB1.99 billion in shares.
- Board increased share repurchase program authorization to up to US$400 million.
- The share repurchase program is extended through August 28, 2027.
- Company will allocate no less than 50% of adjusted net income for dividends/buybacks.
Price Impact
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