Summary by Moomoo AI
On November 14, 2024, Kanzhun's trustee purchased 370,898 Class A Ordinary Shares (equivalent to 185,449 American Depository Shares) from the open market for its Post-IPO Share Scheme. The shares were acquired at an average price of US$6.73 per share, representing approximately 0.04% of the company's total issued and outstanding shares.The purchase was funded by the company's internal resources and will be held in trust for Eligible Participants under the Scheme, which was adopted on December 14, 2022, and became effective upon the company's listing on the Hong Kong Stock Exchange. Following this transaction, the Trustee's total holdings reached 23,126,134 Class A Ordinary Shares. As of the announcement date, no share awards have been granted to any Eligible Participants.
