Meituan announced a plan to repurchase up to $2 billion of Class B common shares in the public market. This move has received approval from the shareholder annual meeting on June 30, 2023 for the repurchase authorization and may be updated based on subsequent shareholder approval. The company stated that the stock repurchase reflects confidence in its business prospects and will create value for shareholders. The board of directors emphasized that the company has sufficient financial resources for the repurchase while maintaining a stable financial condition. However, the specific timing, quantity, and price of the stock repurchase will depend on market conditions, and will be determined at the discretion of the board of directors or its authorized personnel. Shareholders and potential investors should exercise caution when trading shares. This announcement was issued by Wang Xing, chairman of Meituan on June 11, 2024.

Meituan announced a plan to repurchase up to $2 billion of Class B common shares in the public market. This move has received approval from the shareholder annual meeting on June 30, 2023 for the repurchase authorization and may be updated based on subsequent shareholder approval. The company stated that the stock repurchase reflects confidence in its business prospects and will create value for shareholders. The board of directors emphasized that the company has sufficient financial resources for the repurchase while maintaining a stable financial condition. However, the specific timing, quantity, and price of the stock repurchase will depend on market conditions, and will be determined at the discretion of the board of directors or its authorized personnel. Shareholders and potential investors should exercise caution when trading shares. This announcement was issued by Wang Xing, chairman of Meituan on June 11, 2024.