Summary by Futu AI
Kanzhun Limited announced the purchase of 372,918 Class A Ordinary Shares (equivalent to 186,459 American Depository Shares) on November 15, 2024, as part of its Post-IPO Share Scheme. The shares, bought from the open market at an average price of US$6.69 per share, will be held in trust for Eligible Participants.The purchased shares represent approximately 0.04% of the company's total issued and outstanding shares as of November 15, 2024. Following this acquisition, the trustee now holds a balance of 23,499,052 Class A Ordinary Shares. The purchase was funded by Kanzhun's internal resources.As of the announcement date, no share awards have been granted to any Eligible Participants. The company retains the discretion to determine the number of shares to be awarded under the scheme.