Kuaishou Technology disclosed a marginal increase in its share base alongside an intensified share-repurchase programme, according to the Next Day Disclosure Return filed on 23 September 2026.
Share issuance • On 22 September 2026, 4,800 Class B weighted-voting-right shares were issued upon exercise of options granted under the 6 February 2018 Pre-IPO employee incentive scheme. • The shares were allotted at HKD 0.3273 each, expanding the Class B issued share count by 0.0001 % to 3,664.18 million. Total issued share capital (Class A + Class B) now stands at 4,327.03 million shares.
Ongoing share repurchases • Between 20 August and 23 September 2026, the company repurchased 25.52 million Class B shares that remain outstanding for cancellation. • Aggregate consideration for these repurchases amounts to approximately HKD 846.60 million, implying an average purchase price of about HKD 33.19 per share. • The latest tranche, executed on 23 September 2026, involved 1.30 million shares bought on the Hong Kong Stock Exchange at prices ranging from HKD 30.50 to HKD 30.80, costing HKD 39.96 million. • Cumulative repurchases under the 25 June 2026 shareholder mandate total 37.81 million shares, equivalent to 0.87 % of the company’s issued share base on the mandate date. The authorised limit stands at 432.69 million shares, leaving over 90 % of capacity unused. • All repurchased shares are intended for cancellation, and no treasury shares are being retained.
Capital structure snapshot (post-issuance, pre-cancellation) • Class A ordinary shares: 662.86 million • Class B ordinary shares: 3,664.18 million • Total issued shares: 4,327.03 million • Repurchased but not yet cancelled: 25.52 million shares (c. 0.59 % of total issued shares)
Lock-up on new issues In accordance with Hong Kong Listing Rule 10.06(3)(a), Kuaishou is subject to a moratorium on further share issues or treasury-share sales until 23 October 2026, being 30 days after the latest repurchase.
Regulatory confirmations The company affirmed that all share issues and repurchases were duly authorised by the board, executed in compliance with applicable listing rules and regulations, and fully funded.
The developments signal Kuaishou’s continued use of share buybacks within its approved mandate while maintaining minimal dilution from employee option exercises.
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