Li Auto Inc. filed its Monthly Return for the period ended 31 May 2026, highlighting a sizeable buy-back programme and stable capital structure. Key takeaways are as follows:
1. Share Repurchases • The company repurchased 14.21 million Class A WVR shares during 1–29 May at prices ranging from USD 7.53 to USD 8.97 per share. • Estimated cash outlay totals about USD 111.10 million, lifting treasury shares to 20.72 million from 6.51 million at April-end. • Outstanding Class A shares (excluding treasury) fell to 1.79 billion, while total issued shares remained unchanged at 1.81 billion.
2. Capital Structure • Authorised share capital stayed flat at 5.00 billion shares (USD 500,000 par value in aggregate). • Class B WVR shares were unchanged at 355.10 million; they are not listed in Hong Kong.
3. Equity Incentive Movements • Outstanding share options dipped by 0.19 million to 38.11 million after 177,600 options were exercised and 12,600 lapsed. • Option exercises generated USD 17,760 in proceeds; settlement came from ADS reserves, so no new shares were issued. • At month-end, 33.95 million restricted share units (RSUs) remain available for future issuance (28.99 million under the 2019 Plan and 4.96 million under the 2020 Plan).
4. Convertible Notes • USD 145.70 million of 2028 convertible senior notes were outstanding, convertible at USD 14.17 per share into up to 10.28 million Class A shares; no conversions occurred during the month.
5. Public Float • After the repurchases, Li Auto confirmed compliance with the Main Board’s 25% minimum public-float requirement for its Class A shares.
Overall, Li Auto intensified its buy-back activity in May, increasing treasury holdings without altering total share count or authorised capital, while maintaining full regulatory compliance.
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