BOSS ZHIPIN-W (Kanzhun Limited) published its updated Company Information Sheet dated 1 July 2026, outlining core arrangements linked to its Hong Kong listing and ongoing compliance framework.
Key Highlights • Extensive Waivers Granted: HKEX has approved 10 principal waivers, notably on management presence in Hong Kong, use of U.S. GAAP instead of IFRS, disclosure details for the 2020 Share Incentive Plan, and flexibility to issue up to 20% of Class A ordinary shares within six months after listing. • U.S. GAAP Financials: The Group will continue to prepare accounts under U.S. GAAP, accompanied by IFRS reconciliation statements in interim and annual reports. This arrangement remains in force unless the company ceases to be listed in the U.S. • 2020 Share Incentive Plan: Outstanding options cover 70.66 million Class A shares—8.20% of issued capital after listing—granted to 815 participants (five directors hold 12.61 million). HKEX waived full grantee disclosure; aggregated data is instead provided. • Shareholder Protection: The company secured a waiver to allow potential share issues (up to 20% of Class A shares) within six months of listing, provided controlling shareholders retain at least 62.0% voting power. • Acquisition Post Track-Record: On 11 Oct 2022 BOSS Zhipin acquired Beijing Qihui Ruituo Consulting for RMB10.00 million, taking 100% control; percentage ratios were all below 5%, leading HKEX to waive historical financial disclosure. • Connected-Transaction Framework: Continuing connected transactions have blanket waivers covering announcement, independent shareholder approval, annual cap and term-limit requirements. • Weighted Voting Rights (WVR): Class B shares (10 votes each) are restricted to the founder and designated vehicles; automatic conversion to Class A shares is triggered on cessation events such as death, incapacity or transfer breaches. • US Rule 10b5-1 Plan: HKEX granted a specific waiver allowing trades under the founder’s U.S. trading plan during blackout periods, subject to Nasdaq listing and Exchange Act compliance. • Corporate Governance & Compliance: Independent committees (Nomination and Corporate Governance) oversee director elections, WVR monitoring and ongoing compliance; a permanent compliance adviser is retained. • Scale of Operations: As at the latest practicable date the Group comprised roughly 69 subsidiaries, VIEs and branches; three principal entities delivered virtually all revenue during the FY-2019–FY-2021 track-record period. • Custodian & Register: The company’s ADSs remain listed on Nasdaq under the symbol “BZ” and each ADS represents two Class A ordinary shares.
The information sheet reaffirms that BOSS ZHIPIN-W’s Hong Kong listing structure—including WVR arrangements, accounting standards, option disclosures and post-listing fund-raising flexibilities—remains fully compliant under the latest HKEX waivers and reporting obligations.
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