KANZHUN LIMITED Announces US$150 Million Share Repurchase Program
20 March 2023 - 10:30PM
KANZHUN LIMITED (“BOSS Zhipin” or the “Company”) (Nasdaq: BZ; HKEX:
2076), a leading online recruitment platform in China, today
announced that its board of directors has authorized a new share
repurchase program under which the Company may repurchase up to
US$150 million of its shares (including in the form of American
depositary shares) over the next 12 months.
The Company’s proposed repurchases may be made
from time to time on the open market at prevailing market prices,
in privately negotiated transactions, in block trades and/or
through other legally permissible means, depending on market
conditions and in accordance with applicable rules and regulations.
The Company’s board of directors will review the share repurchase
program periodically, and may authorize adjustment of its terms and
size.
Safe Harbor Statement
This press release contains statements that may
constitute “forward-looking” statements which are made pursuant to
the “safe harbor” provisions of the U.S. Private Securities
Litigation Reform Act of 1995. These forward-looking statements can
be identified by terminology such as “will,” “expects,”
“anticipates,” “aims,” “future,” “intends,” “plans,” “believes,”
“estimates,” “likely to,” and similar statements. The Company may
also make written or oral forward-looking statements in its
periodic reports to the U.S. Securities and Exchange Commission, in
announcements made on the website of The Stock Exchange of Hong
Kong Limited (the “Hong Kong Stock Exchange”), in its annual report
to shareholders, in press releases and other written materials and
in oral statements made by its officers, directors or employees to
third parties. Statements that are not historical facts, including
statements about the Company’s beliefs, plans, and expectations,
are forward-looking statements. Forward-looking statements involve
inherent risks and uncertainties. Further information regarding
these and other risks is included in the Company’s filings with the
U.S. Securities and Exchange Commission and the Hong Kong Stock
Exchange. All information provided in this press release is as of
the date of this press release, and the Company does not undertake
any obligation to update any forward-looking statement, except as
required under applicable law.
About KANZHUN LIMITED
KANZHUN LIMITED operates the leading online
recruitment platform BOSS Zhipin in China. The Company connects job
seekers and enterprise users in an efficient and seamless manner
through its highly interactive mobile app, a transformative product
that promotes two-way communication, focuses on intelligent
recommendations, and creates new scenarios in the online recruiting
process. Benefiting from its large and diverse user base, BOSS
Zhipin has developed powerful network effects to deliver higher
recruitment efficiency and drive rapid expansion.
For investor and media inquiries, please
contact:
KANZHUN LIMITEDInvestor RelationsEmail:
ir@kanzhun.com
PIACENTE FINANCIAL COMMUNICATIONS Email:
kanzhun@tpg-ir.com
Kanzhun (NASDAQ:BZ)
Historical Stock Chart
From Mar 2024 to Apr 2024
Kanzhun (NASDAQ:BZ)
Historical Stock Chart
From Apr 2023 to Apr 2024