Kuaishou Technology, the Hong Kong-listed video platform operating with a weighted-voting-rights (WVR) structure, disclosed a further on-market repurchase of its Class B ordinary shares on 24 August 2026.
Key transaction details • Volume: 2.11 million Class B WVR shares • Price range: HK$33.02–HK$33.26 per share • Total consideration: HK$69.98 million • Shares to be cancelled: 2.11 million
Impact on share capital • Issued share capital stood unchanged at 3.66 billion Class B shares as of 24 August 2026. • The latest purchase represents 0.05% of Kuaishou’s outstanding Class B shares before the transaction. • Including earlier buybacks on 20 and 21 August (8.82 million and 4.42 million shares, respectively), a total of 15.34 million shares are pending cancellation.
Progress against 2026 repurchase mandate • Shareholders on 25 June 2026 authorised management to repurchase up to 432.69 million shares. • Aggregate repurchases since the mandate’s approval total 27.64 million shares, equal to 0.64% of the company’s issued share base at the mandate date. • In line with Hong Kong listing rules, Kuaishou is restricted from issuing new shares until 23 September 2026—30 days after the latest buyback.
Capital structure snapshot (21 August 2026) • Total issued shares: 4.33 billion, comprising 662.86 million Class A shares and 3.66 billion Class B shares. • No treasury shares were outstanding before or after the 24 August repurchase.
Regulatory compliance The board confirmed that the repurchase was executed on the Hong Kong Stock Exchange under the existing mandate, with all proceeds settled and all listing-rule requirements satisfied.
Comments