Summary by Futu AI
On July 3, 2024, Meituan submitted the next-day disclosure report, disclosing details of its share buyback program. According to the report, Meituan bought back 4,332,300 Class B ordinary shares on July 3, 2024, at a repurchase price per share ranging from HKD 112.6 to HKD 117.2, with a total payment of HKD 499,956,084.6. After the repurchase, the number of Meituan's outstanding shares decreased to 5,581,024,302 shares, while the treasury shares increased to 43,875,700 shares. The share buyback was carried out under the repurchase authorization passed at the shareholder meeting on June 14th, 2024, and within 30 days after the repurchase, i.e., by August 2, 2024, Meituan will not issue any new shares or sell or transfer treasury shares. The report was submitted by the joint company secretary, Xu Sijia.