TUHU-W issues 33.39 K new shares under option plan; cumulative buyback reaches 2.47 million shares

Bulletin Express
07/02

TUHU Car Inc. (TUHU-W) filed a Next Day Disclosure Return with the Hong Kong Stock Exchange on 2 July 2026, detailing minor share issuance and ongoing share repurchases.

Share issuance • On 2 July 2026, 33,392 Class A shares were issued following the exercise of options granted under the 2019 Share Incentive Plan. • The new shares represent 0.004 % of the 759.77 million Class A shares outstanding before the exercise. • Issue price was USD 0.00002 per share, indicating the shares were issued at par. • After the issuance, Class A shares outstanding rose to 759.81 million. Together with 67.92 million Class B shares, total issued capital stands at 827.72 million shares before the cancellation of repurchased shares.

Share repurchases • On 2 July 2026, the company bought back 292,500 Class A shares on the exchange at prices ranging from HKD 12.01 to HKD 12.80, spending HKD 3.72 million in aggregate. • Including buybacks conducted between 25 and 30 June 2026, repurchased but not-yet-cancelled shares total 2.47 million, equal to 0.30 % of total issued shares as at the 5 June 2026 repurchase mandate date. • The current mandate permits the repurchase of up to 82.77 million shares; utilisation to date is 2.98 % of that limit. • Under Hong Kong listing rules, the company is restricted from issuing new shares for 30 days following the latest buyback; the moratorium ends on 1 August 2026.

Capital impact Upon cancellation of the 2.47 million repurchased shares, TUHU-W’s total issued share count would fall to approximately 825.25 million, subject to completion of the cancellation process stipulated by the Exchange.

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