Proposed Share Repurchase Program
$KE Holdings(BEKE.US)$The Company also announces today that it proposes to establish a share repurchase program under which the Company may repurchase up to US$1 billion of its ADSs over a 12-month period, subject to the obtaining of a general mandate from the Company's shareholders at a general meeting to be convened by the Company. The repurchases are expected to be carried out as soon as legally permissible after the Company obtains the general mandate of shareholders.
The Company's proposed share repurchases, if approved, may be effected from time to time in the open market at prevailing market prices and/or through other legally permissible means, depending on market conditions and in accordance with applicable rules and regulations. The Company plans to fund any such repurchases from its existing cash balance.
