KANZHUN LIMITED Continues Repurchase Program, Buys Back RMB1.4 Billion Worth of Common Shares Via Investing.com
BEIJING, Nov. 29, 2024 (GLOBE NEWSWIRE) — KANZHUN LIMITED (BOSS Zhipin or the Company), a leading online recruitment platform in China, today announced that it has repurchased more than 6.2 million ordinary shares in November, valued at more than RMB300 million. To date, the Company has purchased approximately 28.2 million ordinary shares, more than RMB1.4 billion (USD200 million), representing 3% of the total share capital.
The Company has announced a new share repurchase program that will be effective from August 29, 2024 for a period of 12 months, under which the Company may repurchase up to USD150 million of its shares (including American depositary shares). This new share repurchase program works in conjunction with the existing share repurchase program that became effective on March 20, 2024, and for a period of 12 months, during which the Company may repurchase up to USD200 million of its shares (including ADSs).
As of today, the Company has fully utilized USD200 million under the previous plan and will now continue to repurchase shares under the USD150 million plan. These repurchase efforts underscore management’s strong confidence in the Company’s long-term growth and development.
BOSS Zhipin, founded in 2014, is the largest online recruitment platform in China and is a pioneer in introducing the next-generation Direct Recruitment Model, revolutionizing China’s online recruitment industry. This new product, from mobile phones facilitates fast, direct communication between employers and job seekers, ensuring the same accurate results with its proprietary recommendation algorithms powered by advanced big data and market insights. BOSS Zihipin’s business model highlights its strong profitability, exceptional growth potential, and leading market position.
Kanzhun Limited Contact:Investor Relationsir@kanzhun.com
Source: Kanzhun Limited
