TUHU-W Announces Share Buyback Transaction Scheduled for Cancellation

Deep News
Sep 15

TUHU-W (09690.HK) executed a share repurchase on September 15, 2026, acquiring 219,000 Class A ordinary shares on the Hong Kong Stock Exchange. The buyback was conducted at a maximum price of HKD 12.7 per share and a minimum price of HKD 12.44 per share, with the total consideration paid amounting to HKD 2,748,934.

The repurchased shares are intended to be cancelled, although they had not yet been formally cancelled as of the record date. Following this transaction, the number of issued shares, excluding treasury shares, remains unchanged at 755,860,353, with the treasury share count holding steady at zero.

The buyback authorization was approved via a shareholder resolution on June 5, 2026, granting the issuer the right to repurchase up to 82,769,068 shares in total. As of September 15, 2026, the company had acquired 16,577,100 shares under this mandate, representing 2.0028% of the total issued shares (excluding treasury shares) outstanding on the day the resolution was passed.

A moratorium period has been implemented, during which any new share issuance, or any sale or transfer of treasury shares, is suspended. This restriction will remain in effect until October 15, 2026.

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