Kuaishou Technology trims share count by 0.34% following HK$631.76 million buyback

Bulletin Express07-27

Hong Kong – Kuaishou Technology disclosed a series of equity movements up to 27 July 2026 that reduced its total issued share capital by 14.71 million shares, or 0.34%, compared with the level on 17 July 2026.

Key transactions 1. Share repurchase and cancellation • Between 16 June and 17 July 2026 the company bought back 14.73 million Class B weighted-voting-rights (WVR) shares at a volume-weighted average price of HK$42.8774 per share. • The repurchased shares were cancelled on 27 July 2026, taking HK$631.76 million out of share capital.

2. Employee option exercises • Six batches of Pre-IPO employee options (granted 6 Feb 2018) were exercised between 20 and 27 July 2026, adding 24,522 new Class B shares at HK$0.3273 each. • The new shares represent less than 0.001% of pre-event issued shares and raised approximately HK$0.01 million.

3. Share-class conversion • On 27 July 2026, 2.26 million Class A ordinary shares were converted into an equal number of listed Class B WVR shares. • The conversion had no impact on total share count but shifted voting-weight from unlisted Class A to listed Class B.

Updated capital structure (27 July 2026) • Class B WVR shares (listed): 3,663.82 million • Class A ordinary shares (unlisted): 662.86 million • Total issued shares: 4,326.68 million

Net effect The combination of buybacks, option exercises and share-class conversion decreased Kuaishou’s total outstanding shares by 14.71 million, enhancing per-share metrics while marginally increasing the proportion of listed Class B stock in the capital base.

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