Kuaishou Issues 14.28 Million New Shares Under Employee Schemes and Buys Back 1.14 Million Shares on 8 July

Kuaishou Technology disclosed a Next Day Return detailing simultaneous share issuance and buy-back activity executed on 8 July 2026.

New Share Issuance • A total of 14.28 million Class B WVR shares were issued for employee incentives, raising the Class B share count from 3.66 billion to 3.68 billion. • Breakdown: – 78,680 shares from option exercises under the 2018 Pre-IPO scheme at HKD 0.33 each. – 9.50 million shares allotted to the trustee for the 2023 Share Incentive Scheme at nil consideration. – 4.70 million shares allotted to the trustee for the Post-IPO RSU Scheme at nil consideration. • The combined issuance represents 0.33 % of the total outstanding share capital before the transaction.

Share Repurchases • On the same day, Kuaishou repurchased 1.14 million Class B shares on the Hong Kong Stock Exchange at prices between HKD 43.16 and HKD 44.58, for a total cost of HKD 49.96 million. • These shares are intended for cancellation and are in addition to 8.46 million shares previously bought between 16 June and 7 July that also await cancellation, bringing the cumulative yet-to-be-cancelled total to 9.60 million shares. • Since the 25 June 2026 mandate authorising up to 432.69 million shares for repurchase, the company has bought back 7.16 million shares, equivalent to 0.17 % of shares outstanding on the mandate date.

Updated Share Capital Snapshot • Class B shares in issue after the employee allotments stand at 3.68 billion. • Including 665.12 million Class A shares, Kuaishou’s aggregate issued share capital remains 4.33 billion shares prior to cancellation of any repurchased shares.

Regulatory Compliance The board confirmed that all issuances and repurchases complied with Hong Kong Listing Rules, existing authorisations and applicable laws. A 30-day moratorium on further new share issues or treasury-share sales runs until 7 August 2026 following the latest buy-back.