Share Issuance - On December 23, 2025, 655 new shares were issued due to the exercise of stock options at a price of 276.81 HKD, based on the 2023 stock option plan [1][2] - The total number of issued shares increased to 9,130,646,362 [1][2] Share Buyback - From December 8 to 23, a total of 12,617,000 shares were repurchased for cancellation, with daily buyback volumes ranging from 1,035,000 to 1,067,000 shares [1][2] - The buyback price ranged from 595.75 to 614.08 HKD, with 1,051,000 shares repurchased on December 23 at transaction prices between 602.5 and 613.5 HKD, totaling 636 million HKD for that day [1][2] Buyback Authorization - The buyback authorization was approved by the shareholders' meeting on May 14, 2025, allowing a maximum repurchase of 918,901,866 shares [1][2] - As of now, 97,765,000 shares have been repurchased, representing 1.06% of the total shares issued at the time of authorization [1][2] - The 30-day suspension period following the buyback ends on January 22, 2026 [1][2] Impact on Share Structure - All repurchased shares will be canceled, with no stock held in reserve [1][2] - The ongoing buyback reflects the company's confidence in its stock price and long-term value [1][2]

Core Viewpoint - Tencent Holdings (00700.HK) will hold a board meeting on March 18, 2026, to approve the annual performance for the year ending December 31, 2025, and consider the distribution of a final dividend, if any [1] Group 1 - The board meeting is scheduled for March 18, 2026 [1] - The meeting will include the approval of the company's annual performance for the fiscal year ending December 31, 2025 [1] - The board will also consider the distribution of a final dividend [1]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或完 整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容而產生或因倚賴該等內 容而引致的任何損失承擔任何責任。 （股份代號：700（港幣櫃台）及 80700（人民幣櫃台）） 董事會會議召開日期 騰訊控股有限公司（「本公司」）董事會宣佈，本公司將於2026年3月18日（星期三） 舉行董事會會議，董事會將於會上通過議案，其中包括批准本公司及其附屬公司 截至2025年12月31日止年度的全年業績及公告，以及考慮派發末期股息（如有者）。 承董事會命 馬化騰 主席 2025年12月23日 於本公告刊發日期，本公司董事為： 執行董事： 馬化騰； 非執行董事： Jacobus Petrus (Koos) Bekker 和 Charles St Leger Searle；及 獨立非執行董事： 李東生、Ian Charles Stone、楊紹信、柯楊和張秀蘭。 ...

Group 1 - Tencent Holdings announced a share buyback on December 23, spending HKD 640 million to repurchase 1.051 million shares [1] - The repurchase price per share ranged from HKD 602.5 to HKD 613.5 [1]

Group 1 - Tencent Holdings announced a share buyback of 6.36 billion HKD to repurchase 1.051 million shares at a price range of 602.5 to 613.5 HKD per share [1] - On the same day, the company issued 655 shares through the exercise of stock options under the 2023 share option plan adopted on May 17, 2023 [1]

FF305 翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) 表格類別： 股票 狀態： 新提交 公司名稱： 騰訊控股有限公司 呈交日期： 2025年12月23日 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司（「香港聯交所」）證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露，必須填妥第一章節 。 | 第一章節 | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 | 是 | | | | 證券代號 (如上市) | 00700 | 說明 | | | | | | | | 多櫃檯證券代號 | 80700 | RMB 說明 | | | | | | | | A. 已發行股份或庫存股份變動 | | | | | | | | | | | | | 已發行股份（不包括庫存股份） ...

Group 1 - The overall market sentiment has declined recently, leading to a correction in the sector, with valuations currently between the mean and the 25th percentile [1] - The sector's fundamentals remain robust, with healthy growth in key areas such as advertising and gaming, and companies like Tencent Holdings continue to show improved profit margins [1] - The attractiveness of the sector is increasing despite declining valuations, with a core recommendation for Tencent Holdings and a suggestion to pay attention to Kuaishou-W, NetEase, Zhiyu Technology, and Bilibili [1] Group 2 - Most mainland online platform companies are projected to have a reasonable price-to-earnings ratio between 15x and 20x by 2026, indicating potential for dual increases in performance and valuation for companies exceeding expectations [2] - Bilibili has historically been at a high valuation, while companies like Boss Zhipin-W, Tencent Music-SW, and NetEase Cloud Music have maintained mid to high valuation levels [2] - For companies with positive long-term prospects and short-term performance exceeding expectations, a valuation range of 20x to 25x is considered reasonable, providing a solid foundation for future performance exceeding expectations [2]

Core Viewpoint - Tencent Holdings has been actively repurchasing its shares, indicating a strategy to support its stock price amid market fluctuations [1][2]. Group 1: Share Buyback Details - On December 22, Tencent repurchased 1.035 million shares at a price range of HKD 610.500 to HKD 620.000, totaling HKD 635.76 million [1]. - Since November 18, the company has conducted buybacks for 25 consecutive days, acquiring a total of 25.985 million shares for a cumulative amount of HKD 15.893 billion [1]. - The stock price has decreased by 3.46% during the buyback period [1]. Group 2: Year-to-Date Buyback Summary - Year-to-date, Tencent has completed 125 buyback transactions, acquiring a total of 148 million shares for a total expenditure of HKD 76.858 billion [2]. - The buyback activity reflects the company's commitment to enhancing shareholder value amidst market challenges [2].

Group 1 - Tencent Holdings (00700) announced a share buyback plan, spending HKD 636 million to repurchase 1.035 million shares at a price range of HKD 610.5 to 620 per share [1] - On the same day, the company issued 25,100 shares through the exercise of stock options under the 2023 share option plan adopted on May 17, 2023 [1]

Group 1 - The core announcement is that Tencent Holdings plans to repurchase 1.035 million shares at a total cost of HKD 636 million, with a per-share repurchase price ranging from HKD 610.5 to HKD 620 [1] - On the same day, the company will issue 25,100 shares under the 2023 share option plan adopted on May 17, 2023 [1]