Summary by Futu AI
Kanzhun Limited announced that on December 30, 2024, the trustee of its Post-IPO Share Scheme purchased 362,050 Class A Ordinary Shares (equivalent to 181,025 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$6.90 per share, funded by internal resources.The purchase was made pursuant to the Scheme conditionally approved on December 14, 2022, which became effective upon the company's listing on the Hong Kong Stock Exchange on December 22, 2022. Following this transaction, the trustee now holds a total of 30,372,552 Class A Ordinary Shares on trust for eligible participants.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 shares to be awarded to eligible participants as it deems appropriate.