Meituan’s monthly return for March 2026 shows a net issuance of 62.68 million weighted-voting-right (WVR) Class B shares, lifting total Class B shares in issue to 5.60 billion. The move represents a 1.13% month-on-month increase and leaves the company’s authorised share capital unchanged at 9.26 billion Class B and 0.74 billion Class A shares (par value USD 0.00001 each).

Key drivers of the increase were: • Post-IPO share award scheme: 65.38 million new Class B shares were allotted. • Pre-IPO and post-IPO option exercises: 27.73 thousand new Class B shares were issued, raising HKD 0.55 million in proceeds.

Offsetting factors included: • Share buy-back: 3.02 million Class B shares were repurchased and cancelled on 5 March 2026. • Voting-right conversion: 0.29 million Class B shares were converted into Class A shares, reducing Class B count and increasing Class A total to 579.15 million.

As a result, total Class B shares stood at 5.60 billion, while Class A shares decreased marginally by 0.05% to 579.15 million.

Employee incentive capacity remains significant. Outstanding options under the pre-IPO and post-IPO schemes amount to 68.73 million shares, with authority to grant up to an additional 435.23 million shares under the post-IPO option plan.

Convertible instruments were unchanged during the month. Zero-coupon convertible bonds due 2027 and 2028, with an HKD 431.24 conversion price, could translate into 27.40 million additional Class B shares if fully converted.

The company confirmed that as at 31 March 2026 it continued to meet the Main Board’s minimum public-float requirement of 25% for its listed Class B shares.