Summary by Futu AI
On June 24, 2024, Meituan submitted a disclosure report for the following day, disclosing changes in its issued and treasury shares. The report shows that Meituan repurchased 4,378,700 Class B ordinary shares on June 24, 2024, accounting for 0.0706% of its issued shares, with a repurchase price of HKD 114.1792 per share. These shares will be held as treasury shares. In addition, Meituan also issued 23 new shares under the employee share incentive plan on the same day. The buyback was conducted in accordance with the Main Board Listing Rules of The Stock Exchange of Hong Kong Limited and has obtained formal authorization and approval from the board of directors. Meituan confirmed that all relevant legal and regulatory requirements have been complied with and all receivables have been fully received. After the buyback, Meituan will enter a one-month blackout period until July 24, 2024, during which no new shares may be issued or any treasury shares may be sold or transferred.