Kuaishou-W: April Share Movements Show Net 3.90 Million New Class B Shares, 6.52 Million Cancelled, Public Float Unchanged

Bulletin Express
May 07

Kuaishou Technology (Kuaishou-W) filed its Monthly Return for April 2026, detailing modest net changes in equity while maintaining the minimum public float requirement.

Authorised Share Capital • No change during the month; authorised capital remains at USD 50,000, divided into 8.67 billion Class B WVR ordinary shares and 0.77 billion unlisted Class A WVR ordinary shares, each with a par value of USD 0.0000053.

Issued Share Capital • Class B (listed): increased by 3.90 million shares to 3.66 billion. • Class A (unlisted): decreased by 9.85 million shares to 0.69 billion, reflecting conversion into Class B shares. • The public float continues to meet the 25% threshold stipulated by the Main Board Listing Rules.

Key Share Movements 1. Share Option Activity – 0.57 million new Class B shares issued from option exercises under the Pre-IPO Employee Incentive Scheme, contributing HKD 0.19 million in proceeds. – 0.12 million options lapsed under the same scheme, while 9.56 million options lapsed under the Post-IPO Share Option Scheme. – 2.91 million options granted under the 2023 Share Incentive Scheme; 209.32 million shares remain available for future grants.

2. Restricted Share Units (RSUs) – No new shares issued during April. – Potential future issuance: 8.96 million shares under the Post-IPO RSU Scheme and 155.99 million shares under the 2023 Share Incentive Scheme.

3. Share Repurchases and Cancellations – 6.52 million Class B shares repurchased and cancelled on 15 April 2026. – An additional 10.15 million Class B shares were repurchased during the month and await cancellation.

4. Conversions – 9.85 million Class A shares converted into Class B shares on 15 April 2026, reducing Class A outstanding shares accordingly and increasing Class B.

Capital Structure Snapshot (30 April 2026) • Class B issued shares (excluding treasury): 3.66 billion • Class A issued shares: 0.69 billion • No treasury shares outstanding

The company affirms full compliance with Hong Kong Stock Exchange listing rules, including identical rights for all shares of each class and fulfilment of public float requirements.

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