Tuya Issues 0.64 Million New Class A Shares in March 2026; Public Float Remains Compliant

Bulletin Express04-08

Tuya Inc. (TUYA-W) reported a net issuance of 643,153 weighted-voting-rights (WVR) Class A ordinary shares during March 2026, lifting the total outstanding Class A share count to 543.12 million as of 31 March 2026. Class B shares were unchanged at 70.16 million, keeping overall issued share capital at 613.29 million shares.

The month’s increase was driven primarily by: • 529,403 new Class A shares issued upon exercise of options under the 2015 Equity Incentive Plan, generating proceeds of USD 26.53. • 113,750 new Class A shares released through the vesting of restricted share units (RSUs) granted under the 2015 Equity Incentive Plan. • A previously disclosed repurchase of 5,400 Class A shares (executed 30–31 December 2025) remains pending cancellation and therefore does not yet affect the share count.

Option activity left 2.65 million options outstanding under the 2015 plan, while the 2024 Share Scheme retained capacity for up to 56.98 million future issuances. RSU overhang stood at 1.51 million shares under the 2015 plan and 0.44 million under the 2024 scheme; 100,000 new RSUs were granted in March, and 120,250 RSUs vested.

Tuya confirmed that its public float continues to satisfy the Hong Kong Main Board’s minimum 25% requirement. The company’s authorised capital remained unchanged at USD 50,000, comprising 1.00 billion shares (800 million Class A and 200 million Class B) with a par value of USD 0.00005 each.

No warrants, convertible securities, or treasury share movements were reported for the month, and no changes occurred in Class B shares or the authorised share base.

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