Summary by Futu AI
On June 24, 2024, Kingsoft submitted a new disclosure report, disclosing its shareholding changes. The report shows that between June 17 and 24, 2024, Kingsoft repurchased shares in accordance with the rules of the Hong Kong Stock Exchange and plans to cancel the repurchased shares. The total number of repurchased shares is 665,200, accounting for 0.05% of the issued shares, and the repurchase price range is HKD 23.05 to HKD 25.0183. In addition, the company confirmed that all transactions have been approved by the board of directors and comply with relevant listing rules and legal provisions. After the repurchase activity, the total issued shares of the company remained at 1,339,184,157 shares, and there was no change in treasury shares. The resolution on the repurchase authorization was passed on May 23, 2024, and within 30 days after the repurchase, the company will not issue any new shares or sell or transfer treasury shares.