TUHU Announces Additional Share Buyback; Cumulative Repurchases Reach 18.41 Million Shares, 2.22% of Share Capital

Bulletin Express
Sep 25

TUHU Car Inc. (TUHU), a Cayman‐incorporated company with a weighted voting rights structure, disclosed a further on-market repurchase of 160,300 Class A shares on 25 September 2026.

Key takeaways

• Latest transaction: 160,300 Class A shares were repurchased on the Hong Kong Stock Exchange at prices ranging from HKD 11.12 to HKD 11.25, implying an average outlay of approximately HKD 11.19 per share and a total consideration of HKD 1.80 million. All repurchased shares are intended for cancellation.

• Cumulative programme: Since 24 August 2026, TUHU has bought back 18.41 million shares under its current shareholder mandate, equivalent to 2.22% of the company’s issued share base on the mandate date (5 June 2026). The authorisation allows for the repurchase of up to 82.77 million shares, leaving a remaining capacity of about 64.36 million shares.

• Share capital position: As at 25 September 2026, TUHU’s issued share capital comprised 755.86 million Class A ordinary shares and 67.49 million Class B ordinary shares, totalling 823.35 million shares. The repurchased shares—now 18.41 million in aggregate—remain outstanding pending formal cancellation and therefore are not yet reflected in the issued share count.

• Pricing context: The weighted-average repurchase prices in the current programme have ranged between HKD 11.10 and HKD 12.75 per share from 24 August to 25 September 2026.

• Regulatory compliance: The board confirms that all repurchases were executed in accordance with Hong Kong Listing Rules and the company’s mandate. Following the latest buyback, TUHU is restricted from issuing new shares until 25 October 2026, in line with Rule 10.06(3)(a).

The ongoing buyback underscores TUHU’s active capital-management strategy as it continues to repurchase shares within its authorised limit.

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