Kingsoft (03888) Issues Share Repurchase Update with No Change in Total Issued Shares

Bulletin Express11-26

Kingsoft Corporation Limited (stock code: 03888) disclosed a Next Day Disclosure Return dated 26 November 2025, detailing its share repurchase activities and confirming that the total number of issued ordinary shares remains at 1,400,425,790 as of that date.

According to the announcement, share repurchases were carried out from May to November 2025. As of 26 November 2025, the company had repurchased a total of 4,611,600 shares under the existing mandate passed on 29 May 2025, representing approximately 0.33% of the issued shares at the time of the mandate resolution. The final transaction on 26 November 2025 involved 344,800 shares at an average price of HKD 28.9917 per share, with an aggregate price of HKD 9,996,348.

The repurchased shares are designated for cancellation and remain subject to completion procedures. Under the repurchase rules, a 30-day moratorium on new share issuance or sale or transfer of treasury shares is in effect, ending on 26 December 2025. The repurchase mandate allows for the repurchase of up to 140,042,579 shares. The announcement confirms that all repurchases have complied with relevant listing rules and regulations.

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