Summary by Futu AI
Kanzhun Limited announced that on November 18, 2024, the trustee of its Post-IPO Share Scheme purchased 359,740 Class A Ordinary Shares (equivalent to 179,870 American Depository Shares) from the open market. The shares, representing approximately 0.04% of the company's total issued and outstanding shares, were acquired at an average price of US$6.93 per share.The purchase was made in accordance with the Scheme's terms and conditions, which was conditionally approved and adopted on December 14, 2022, and took effect upon the company's listing on the Hong Kong Stock Exchange on December 22, 2022. The acquisition was funded by Kanzhun's internal resources. Following this transaction, the trustee now holds a total of 23,858,792 Class A Ordinary Shares.As of the announcement date, no share awards have been granted to any eligible participants under the Scheme. The company retains the discretion to determine the number of Class A Ordinary Shares to be awarded to eligible participants as it deems appropriate.