Tencent reduces Meituan shareholding to 1.7% through physical distribution of interim dividends

Tencent has completed the distribution of interim dividends for Meituan's Class B ordinary shares held indirectly by the company.

The distribution was made in the form of physical shares, which were mailed to eligible shareholders on March 24, 2023, at their own risk.

After the completion of the physical distribution, Tencent's shareholding ratio in Meituan has been reduced to approximately 1.7% based on the total number of shares issued by Meituan as of February 28, 2023.

This includes shares charged as dividends on structured entities that manage and hold shares acquired under the share incentive plan established for qualified persons under the 2013 and 2019 share incentive plans, as well as shares that have been repurchased but not yet cancelled.