Summary by Futu AI
Kanzhun Limited announced that on November 20, 2024, the trustee of its Post-IPO Share Scheme purchased 368,408 Class A Ordinary Shares (equivalent to 184,204 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$6.78 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 24,587,748 Class A Ordinary Shares.Kanzhun stated that it will periodically review and determine the number of shares to be awarded to eligible participants at its discretion. As of the announcement date, no share awards held by the trustee have been granted to any eligible participants.