Exchange disclosures reveal that on May 22, KE Holdings Inc. (BEKE-W) conducted its first-ever share repurchase on the Hong Kong market while simultaneously increasing its buyback activity in the U.S. market. The total repurchase amount across both markets for the day was approximately $12.5 million, marking the company's highest single-day buyback expenditure since April 2024. Specifically, the Hong Kong buyback amounted to around HK$20 million, with the U.S. buyback totaling about $10 million. This move represents a continuation of the company's share repurchase program following the release of its first-quarter 2026 financial results. With the relevant compliance window opening, the company resumed its public market share repurchases in the U.S. on May 21 and extended the program to the Hong Kong market on May 22. Market observers suggest that a dual-market repurchase mechanism enhances the flexibility of the company's buyback execution and provides greater operational scope for future shareholder return arrangements. Related data indicates that in the first quarter, BEKE-W achieved an adjusted operating profit margin of 8.8%, a year-on-year increase of 3.9 percentage points, and an adjusted net profit margin of 8.5%, up 2.6 percentage points year-on-year. The company has shown improvements in organizational efficiency, resource allocation efficiency, and profitability, with further release of operating leverage. The swift resumption and intensification of share buybacks shortly after the earnings release have drawn market attention to the company's ongoing commitment to capital allocation and the pace of shareholder returns.