KANZHUN LIMITED Repurchased Ordinary Shares Continuously Over the Past Week, Total of USD44 Million of Shares Bought Back Under Current Repurchase Program

Core Insights - BOSS Zhipin has repurchased over 2.12 million ordinary shares worth USD 15.8 million in the past week, totaling approximately 5 million shares repurchased for USD 44.0 million since March 27, 2024 [1] - The company reported a revenue of RMB 1,703.8 million for Q1 2024, a 33% increase from RMB 1,277.5 million in Q1 2023, with adjusted net income rising 117% to RMB 530.7 million [2] - For the full year 2023, BOSS Zhipin achieved a revenue of RMB 5.95 billion, a 32% year-on-year increase, with adjusted net income reaching RMB 2.16 billion [2] Company Performance - BOSS Zhipin's unique Direct Recruitment Model and strong technology capabilities have contributed to its solid performance [2] - The adjusted operating income for 2023 was RMB 1.64 billion, reflecting a 191% year-on-year increase, resulting in a 27% adjusted operating margin [2] - The company's ongoing share repurchases indicate management's long-term confidence in its growth and development [3]