Tuhu Car Inc. (abbrev. Tuhu-W) disclosed a Next Day Disclosure Return dated 27 August 2026, detailing recent share repurchases conducted under its June 2026 mandate.
Key points
1. Repurchase activity • Between 24 and 27 August 2026 the company bought back 5.50 million Class A WVR ordinary shares for cancellation. • The four trading sessions broke down as follows: – 24 Aug: 2.04 million shares at an average HKD 11.60. – 25 Aug: 2.03 million shares at an average HKD 11.49. – 26 Aug: 1.15 million shares at an average HKD 11.59. – 27 Aug: 0.28 million shares on-market at prices between HKD 11.95 and HKD 12.34, costing HKD 3.45 million. • The cumulative 5.50 million shares equal 0.67 % of the 823.35 million issued shares (Class A and Class B combined) outstanding before the repurchases.
2. Impact on share capital • Because the repurchased shares had not yet been cancelled as of 27 August 2026, the issued share count remains at 755.86 million Class A shares and 67.49 million Class B shares, totaling 823.35 million. • No treasury shares were held at period-end.
3. Mandate utilisation • The board-approved buy-back mandate dated 5 June 2026 authorises repurchases of up to 82.77 million shares. • Including earlier transactions, Tuhu-W has repurchased 10.69 million shares under this mandate, representing 1.29 % of the share base at the mandate date. • Following the 27 August transaction, the company is subject to a 30-day moratorium—until 26 September 2026—on issuing new shares or selling treasury shares.
4. Funding and compliance • All repurchases were executed on the Hong Kong Stock Exchange and fully paid in cash. • The company confirms compliance with all listing rules and regulatory requirements, and the repurchased shares will be cancelled upon settlement.
The latest transactions signal continued execution of Tuhu-W’s share buy-back strategy without immediate alteration to the outstanding share count, pending formal cancellation of the acquired shares.
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