Kanzhun (BOSS Zhipin-W) Posts September Share Update: 8.85 Million New Class A Shares, 12.62 Million Buybacks Cancelled, WVR Conversions Trim Class B Float

Bulletin Express
Yesterday

Kanzhun Limited (BOSS Zhipin-W) filed its Monthly Return for September 2026, detailing multiple equity movements across its dual-class share structure.

Authorised Capital • No change: 2.00 billion authorised shares (1.80 billion Class A; 0.20 billion Class B), each with a par value of USD 0.0001, for total authorised capital of USD 0.20 million.

Issued Shares as at 30 September 2026 • Outstanding shares: 940.27 million, comprising 829.27 million Class A and 110.99 million Class B. • Public-float requirement of at least 25 % for Class A shares remains satisfied.

Key Monthly Movements 1. Equity Issuance – Class A shares increased by 8.85 million, driven by: • Exercise of 5.86 million options under the 2020 Share Incentive Plan, raising USD 9.74 million in proceeds. • Settlement of 3.26 million vested RSUs and share awards across the 2020 and Post-IPO schemes.

2. Share Buybacks and Cancellations – 12.62 million Class A shares repurchased on Nasdaq between May and June 2026 were formally cancelled on 17 September 2026. – An additional 0.27 million repurchased Class A shares (equivalent to 135,965 ADSs) remained pending cancellation at month-end.

3. Weighted Voting Rights (WVR) Alignment – To maintain proportional WVR, the controlling shareholder converted 12.35 million Class B shares into Class A shares on 17 and 22 September 2026. – Resulting net change: Class B share count fell by 12.35 million to 110.99 million; Class A received a corresponding 12.35 million increase from conversion.

Net Impact on Share Counts (September) • Class A: +8.85 million (issuances and conversions offset by cancellations). • Class B: –12.35 million (full amount converted to Class A). • Treasury: No shares held in treasury at month-end.

Equity Incentive Pools (Post-Transaction) • 21.14 million Class A shares remain issuable under the 2020 Share Incentive Plan options. • 17.13 million Class A shares remain reserved for future share awards under the Post-IPO Share Scheme.

The company confirms compliance with all Hong Kong Listing Rules, including minimum public-float thresholds, and that all required authorisations and filings for the reported transactions have been completed.

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