Summary by Futu AI
On June 20, 2024, Meituan submitted a disclosure report for the following day, disclosing changes in its shareholding. The report shows that Meituan repurchased 2,506,300 Class B common shares on the same day, accounting for 0.0404% of its issued shares, with a repurchase price of HKD 119.6854 per share. After this repurchase, Meituan's issued shares decreased to 5,611,438,900 shares, while the treasury shares increased to 13,459,000 shares. In addition, Meituan also issued 3,299 new shares under its employee share incentive plan on the same day. The company confirmed that all share changes have been approved by the board of directors and comply with relevant listing rules and laws. The repurchased shares will be held as treasury shares and will not be immediately cancelled. Meituan obtained repurchase authorization on June 14, 2024, and entered a moratorium period after the share repurchase until July 20, 2024.