Summary by Moomoo AI
Meituan submitted its disclosure report on the following day on August 30, 2024, disclosing the changes in issued shares and treasury shares. The report shows that Meituan issued a total of 2,904 shares on August 9, 27, and 29, 2024, based on employee share incentive plans, where employees exercised their stock options. In addition, on August 30, 2024, Meituan converted 13,386,623 Class A ordinary shares to Class B ordinary shares. At the same time, the company is carrying out the cancellation process of a total of 139,601,700 Class B ordinary shares repurchased in June and July 2024, expected to be completed in September 2024. Mr. Mu Rongjun, as a beneficiary of different voting rights, converted a total of 13,386,623 Class A ordinary shares into Class B ordinary shares at a one-to-one ratio during the conversion process for the above-mentioned cancellation. This share transaction has been formally authorized and approved by the issuer's board of directors, and is conducted in accordance with all applicable listing rules, laws, and other regulatory requirements.