KANZHUN LIMITED Announces Shareholder Return Target Through Dividend Distribution and Extension and Upsizing of Share Repurchase Program

Core Viewpoint - KANZHUN LIMITED has announced an amendment to its share repurchase program, increasing the total authorization to repurchase up to US$400 million of its shares, reflecting management's confidence in the company's future growth [2][5]. Share Repurchase Program - The Board has approved an increase in the share repurchase program, allowing for the repurchase of up to US$400 million of the company's shares, including American Depositary Shares (ADSs), through August 28, 2027 [2]. - This decision is seen as a sign of confidence in the company's continued growth [2]. Dividend Policy - In August 2025, the company established an annual dividend policy, intending to declare and distribute dividends each year based on its discretion and applicable laws [3]. - The company expects to allocate at least 50% of its adjusted net income from the preceding fiscal year for dividends and share repurchases over the next three years starting from 2026 [4]. - The Board retains the discretion to adjust the share repurchase and dividend plans based on financial performance and market conditions [4]. Commitment to Shareholders - These initiatives highlight the management's confidence in the company's long-term growth and commitment to delivering sustainable value to shareholders [5].