Summary by Futu AI
Meituan submitted its next-day disclosure report on August 30, 2024, disclosing the changes in its issued shares and treasury stock. The report shows that on August 9, 27, and 29, 2024, Meituan issued new shares totaling 2,904 shares under its employee share incentive plan, as employees exercised their stock options. In addition, on August 30, 2024, Meituan converted 13,386,623 Class A ordinary shares into Class B ordinary shares. At the same time, the company is in the process of canceling a total of 139,601,700 Class B ordinary shares repurchased in June and July 2024, with the completion expected in September 2024. As a beneficiary of different voting rights, Mr. Mu Rongjun converted 13,386,623 Class A ordinary shares into Class B ordinary shares at a one-to-one ratio during the conversion process for the aforementioned cancellation. This share change has been formally authorized and approved by the board of directors of the issuer, and has been carried out in accordance with all applicable listing rules, laws, and other regulatory requirements.