Summary by Futu AI
Kingsoft submitted a new disclosure report on June 27, 2024, disclosing changes in its shareholding. According to the report, Kingsoft conducted a share buy-back activity through the rules of the Hong Kong Stock Exchange between June 17 to 27, 2024. During this period, the company repurchased a total of 1,802,400 ordinary shares, accounting for 0.13% of the issued shares, and the repurchased shares will be cancelled. The average price range of the repurchase was between HKD 22.6387 and HKD 25.0183. In addition, the company confirmed that all share buybacks have been formally authorized by the board of directors and comply with all applicable listing rules, laws, and other regulatory requirements. After the buyback activity, Kingsoft will enter a one-month blackout period until July 27, 2024, during which no new share offerings or resales or transfers of treasury shares will be made.