Meituan Adds 62.68 Million Class B Shares in March; Total Share Count Tops 6.17 Billion

Bulletin Express
Apr 09

Meituan’s monthly return for the period ended 31 March 2026 shows a net issuance of 62.68 million weighted-voting right (WVR) Class B shares, lifting the listed Class B share count to 5.60 billion. Including unlisted Class A shares, total issued equity now stands at 6.17 billion, up 1.02 % from end-February.

Key drivers of the increase were: • 65.38 million new Class B shares released under the Post-IPO Share Award Scheme. • 27,725 Class B shares issued upon option exercises, which raised HKD 0.55 million. • A reduction of 3.02 million Class B shares through on-market repurchases on 5 March 2026. • Net conversion of 286,185 Class B shares into Class A shares, trimming the Class B base and adding to the unlisted Class A pool, which now totals 579.15 million shares.

Convertible debt remained unchanged. At month-end, Meituan had USD 1.52 billion of zero-coupon convertible bonds outstanding, equivalent to a potential 27.40 million Class B shares upon full conversion at HKD 431.24 per share.

Authorized share capital was stable at USD 100,000, split between 9.26 billion Class B and 0.74 billion Class A authorized shares, both carrying a par value of USD 0.00001.

The company confirmed compliance with the Hong Kong Stock Exchange’s 25 % minimum public-float requirement for its listed Class B shares. No treasury shares were held at month-end.

Overall, March activity marginally diluted existing holders—expanding the Class B float by 1.13 %—while buybacks partially offset award and option issuance. Meituan continues to manage capital through a mix of employee incentives, share repurchases and outstanding convertible securities.

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