KE Holdings Inc. (02423) released a Next Day Disclosure Return dated 13 November 2025, detailing repurchases and conversions involving its Class A and Class B ordinary shares.

The company reported a total of 37,806,099 Class A ordinary shares repurchased and subsequently cancelled on 13 November 2025. These repurchases took place between September and October 2025, at a volume-weighted average price of USD 6.2302 per share, reducing the Class A ordinary share count from 3,403,080,518 to 3,366,778,024.

Additionally, 1,503,605 Class B ordinary shares were converted into Class A ordinary shares on 13 November 2025, contributing to changes in both share classes. Following the conversion, the closing balance for Class B ordinary shares fell from 140,951,375 to 139,447,770, while the Class A ordinary shares as at 13 November 2025 stood at 3,366,778,024.

Further disclosures indicated certain shares repurchased on 3, 4, and 5 November 2025 had not yet been cancelled as of the closing balance date. These outstanding repurchases totaled 1,418,421 shares, 1,476,174 shares, and 1,489,263 shares, respectively, at repurchase prices ranging from USD 5.3576 to USD 5.6179 per share.