TUHU Accelerates Share Buybacks; 310,800 Class A Shares Repurchased on 14 September 2026

Bulletin Express
Sep 14

TUHU Car Inc. (“TUHU”), a Cayman-incorporated company listed in Hong Kong with a weighted-voting-rights (WVR) structure, disclosed a fresh tranche of on-market buybacks and updated its issued-share position as of 14 September 2026.

Repurchase Activity • On 14 September 2026 TUHU bought back 310,800 Class A WVR ordinary shares on the Hong Kong Stock Exchange at prices ranging from HKD 12.37 to HKD 12.66, for an aggregate consideration of HKD 3.88 million. • The purchase forms part of the general mandate approved on 5 June 2026, under which the company may acquire up to 82.77 million shares. Cumulative repurchases under this mandate now total 16.36 million shares, equal to 1.98% of the company’s issued share capital on the mandate date. • Between 24 August and 14 September 2026, TUHU repurchased 11.17 million shares that remain pending cancellation. These shares represent approximately 1.36% of the company’s 823.35 million total issued shares (755.86 million Class A; 67.49 million Class B) as of 11 September 2026.

Share Capital Position • Issued shares (excluding treasury shares) stood unchanged at 755.86 million Class A shares on both 11 and 14 September 2026. • No treasury shares were outstanding at either date; all repurchased shares are earmarked for cancellation but had not yet been removed from the share count by 14 September.

Compliance and Moratorium • The board confirmed that all repurchases complied with Hong Kong Listing Rules and relevant legal requirements. • In line with Main Board Rule 10.06(3)(a), TUHU is subject to a moratorium on issuing new shares or selling treasury shares until 14 October 2026.

Implications The ongoing buyback programme underscores TUHU’s active capital-management strategy, with the latest transactions bringing the company to nearly one-fifth utilisation of its current repurchase mandate.

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