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Kanzhun to Seek Shareholder Approval for 10% Issue & Buy-back Mandates, Board Re-election and Charter Amendments at 25 Jun 2026 AGM

Bulletin Express
May 20

Kanzhun Limited (BOSS Zhipin) has issued a circular convening its 2026 annual general meeting, scheduled for 3:00 p.m. Beijing time on 25 June 2026 at the Crowne Plaza Beijing Sun Palace.

Key proposals to be put to vote:

1. General Mandates • Issue Mandate: Directors may allot, issue, sell or transfer treasury Class A ordinary shares up to 10% of outstanding shares, equivalent to a maximum 96.69 million Class A shares based on the latest share count of 966.95 million. Issue price must not exceed a 10% discount to the benchmarked price. • Repurchase Mandate: Authority to repurchase up to the same 10% ceiling, also 96.69 million Class A shares or the equivalent ADSs. Both mandates will run until the earlier of the next AGM, the statutory time-limit for holding the next AGM, or shareholder revocation.

2. Board Composition • Executive directors Peng Zhao (Chairman & CEO), Tao Zhang (CTO) and Yang Mu (VP Human Resources), plus independent non-executive director Yan Li, will stand for re-election. • The Nomination Committee recommends their return, having confirmed Yan Li’s independence under Listing Rule 3.13.

3. Auditor • Re-appointment of PricewaterhouseCoopers and PricewaterhouseCoopers Zhong Tian LLP through the 2026 financial year, with an estimated audit fee of RMB12.00 million.

4. Charter Amendments • Adoption of a sixteenth amended and restated memorandum and articles of association to embed weighted-voting-rights provisions required by Listing Rule 8A.44 and make housekeeping updates.

5. Meeting Logistics • Share record date: close of business 21 May 2026 (Hong Kong time). • ADS record date: close of business 21 May 2026 (New York time). • Proxy deadline: 3:00 p.m. Hong Kong time, 23 June 2026 for registered shareholders; ADS voting instructions due by the time specified on Citibank’s card. • All resolutions will be decided by poll. Weighted voting applies: each Class A share carries one vote; each Class B share carries ten, except on reserved matters where each carries one.

As of the latest practicable date, Kanzhun’s share capital comprises 840.42 million Class A and 126.53 million Class B shares. Founder Peng Zhao controls approximately 60.11% of voting rights through Class B holdings. Treasury-share holders, if any, will abstain from voting.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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