Kingsoft Trims Share Count by 1.33%, Repurchases Additional 1.32 Million Shares at HKD 22.68 Average

Bulletin Express
03/30

Kingsoft Corporation Limited (Kingsoft) disclosed fresh capital-structure movements in a Next Day Disclosure Return filed on 30 March 2026 with the Hong Kong Stock Exchange.

Kingsoft cancelled 18.63 million previously repurchased shares on 6 March 2026, reducing the issued share base by 1.33% from 1.40 billion to 1.38 billion ordinary shares. Concurrently, 16,520 new shares were allotted on 27 March 2026 under the company’s amended Share Award Scheme dated 5 July 2021, a de-minimis issuance relative to the existing share capital.

Following these transactions, the outstanding share count stood at 1.38 billion ordinary shares as of 30 March 2026.

Separately, on 30 March 2026 Kingsoft executed an on-market buy-back of 1.32 million shares at prices between HKD 22.42 and HKD 22.88, spending a total of HKD 29.99 million. The volume-weighted average repurchase price was HKD 22.68 per share. All shares purchased are earmarked for cancellation.

Under the general mandate granted on 29 May 2025, Kingsoft is authorised to repurchase up to 140.04 million shares. Including the latest transaction, cumulative buy-backs under this mandate have reached 19.95 million shares, equivalent to 1.42% of the issuer’s outstanding shares on the mandate date. In line with listing rules, Kingsoft is subject to a 30-day moratorium on new share issues or treasury share sales until 29 April 2026.

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