Keep Inc. Lowers Outstanding Share Count by 3.51 Million in March; Treasury Shares Drop to 0.30 Million

Bulletin Express
04/08

Keep Inc. (Keep) has disclosed its Monthly Return for March 2026, reporting a notable contraction in share capital through continued buybacks and cancellations.

Authorised Capital Stable The company’s authorised share capital remained unchanged at 1.00 billion ordinary shares with a par value of USD 0.00005 each, equivalent to USD 0.05 million.

Reduction in Issued and Treasury Shares • Issued shares (excluding treasury shares) declined by 3.51 million to 509.98 million. • Treasury shares fell sharply by 11.89 million, leaving a closing balance of just 0.30 million. • Consequently, total issued shares, including treasury stock, decreased by 15.40 million to 510.28 million.

Buy-back and Cancellation Activity Key drivers of the share count reduction were: 1) Cancellation of 3.51 million shares repurchased and cancelled on 31 March 2026. 2) Cancellation of 11.89 million treasury shares on the same date. 3) An additional 1.92 million shares repurchased between 6 January 2026 and 31 March 2026 remain in treasury pending cancellation.

Employee Incentive Plans • No new shares were issued under the 2016 Plan, 2021 Plan or Post-IPO Share Incentive Plan during the month. • 16,500 share options lapsed or were cancelled, leaving 12.57 million options outstanding across the 2016 and 2021 plans. • The Post-IPO Share Incentive Plan still allows for up to 30.35 million shares to be issued or transferred upon future option exercises or restricted share unit (RSU) vesting. • During March, 262,930 RSUs lapsed; no RSUs were exercised.

Public Float Compliance Keep confirmed compliance with the Hong Kong Main Board’s minimum 25% public-float requirement as at 31 March 2026.

Capital Structure Snapshot (31 Mar 2026) • Authorised shares: 1.00 billion • Issued shares (ex-treasury): 509.98 million • Treasury shares: 0.30 million • Total issued shares: 510.28 million

The company continues to execute its share repurchase strategy while maintaining sufficient public float and leaving substantial headroom—30.35 million shares—for future employee equity incentives.

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