KE Holdings Inc. Announces Upsizing and Extension of Share Repurchase Program

Core Viewpoint - KE Holdings Inc. has approved an increase in its share repurchase program from US$2.0 billion to US$3.0 billion and extended it until August 31, 2025, reflecting the company's commitment to returning value to shareholders [2]. Group 1: Share Repurchase Program - The existing share repurchase program was initially established in August 2022 and was upsized in August 2023, allowing the company to purchase up to US$2.0 billion of its Class A ordinary shares and/or American depositary shares (ADSs) until August 31, 2024 [1]. - As of the announcement date, the company has repurchased approximately 95.0 million ADSs, equivalent to about 285.0 million Class A ordinary shares, for a total consideration of approximately US$1,389.8 million [1]. - The board of directors has now approved modifications to increase the repurchase authorization to US$3.0 billion and extend the program until August 31, 2025 [2]. Group 2: Company Overview - KE Holdings Inc. operates as a leading integrated online and offline platform for housing transactions and services in China, focusing on various aspects such as home sales, rentals, renovations, and furnishing [3]. - The company is known for its Lianjia brand, which has over 22 years of operational experience and is a key component of the Beike platform [3].