Summary by Futu AI
Kanzhun Limited announced that on December 27, 2024, the trustee of its Post-IPO Share Scheme purchased 357,954 Class A Ordinary Shares (equivalent to 178,977 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$6.97 per share.The purchase was made pursuant to the terms of the Scheme, which was conditionally approved and adopted on December 14, 2022, and became effective 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 30,010,502 Class A Ordinary Shares in trust for eligible participants.Kanzhun stated 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 participant.