Kuaishou Technology disclosed several capital movements dated 15 April 2026 in its Next Day Disclosure Return, resulting in a modest contraction of the overall share base and a larger free-float of its listed Class B shares.

Capital reduction • 6.52 million previously repurchased Class B weighted-voting-rights shares were cancelled, cutting total issued share capital by 0.15 %. • Following the cancellation, total outstanding shares fell to 4.35 billion from 4.36 billion.

Equity issuance • Exercise of employee stock options under the 2018 Pre-IPO incentive scheme added 1,000 new Class B shares at HKD 0.3273 each, a negligible 0.00002 % increase in share count.

Share class conversion • 9.85 million unlisted Class A ordinary shares were converted into an equal number of listed Class B shares, raising the Class B balance to 3.66 billion and reducing Class A shares to 685.90 million. The conversion did not affect the total share count.

Updated capital structure (as of 15 April 2026) • Class B WVR shares: 3.66 billion • Class A ordinary shares: 685.90 million • Total issued shares: 4.35 billion

Repurchases pending cancellation • An additional 6.31 million Class B shares, bought back between 27 March and 14 April at a volume-weighted average price of roughly HKD 45.12, remain on the register awaiting cancellation. Their removal would trim the share base by a further 0.14 %.

Governance confirmation The board affirmed that all issuances, conversions and repurchases complied with Hong Kong Listing Rules and relevant regulatory requirements, and that all proceeds and documentation have been duly processed.