TUHU-W (TUHU Car Inc.) submitted a Next Day Disclosure Return to the Hong Kong Stock Exchange on 13 October 2026 detailing minor share issuance and extensive recent buybacks.
1. Incremental Share Issue • On 13 October 2026, 53,883 Class A weighted-voting-right (WVR) ordinary shares were allotted following the exercise of employee options granted under the 2019 Share Incentive Plan. • Issue price: USD 0.00002 per share. • Dilution impact: 0.0065 % of the 756.10 million Class A shares outstanding before the exercise.
2. Updated Share Capital Structure • Class A shares outstanding rose to 756.15 million. • Together with 67.49 million Class B shares, total issued share capital stands at 823.59 million shares as of 13 October 2026.
3. Share Repurchases Pending Cancellation (24 Aug – 13 Oct 2026) • Aggregate repurchased but not yet cancelled: 16.50 million Class A shares, equal to roughly 2.00 % of the company’s total issued share capital. • Transaction prices ranged from HKD 11.10 to HKD 12.75 per share, implying an estimated outlay of about HKD 190 million.
4. Latest Buyback Transaction • Date: 13 October 2026. • Volume: 426,100 shares repurchased on-market at prices between HKD 11.30 and HKD 11.50, for a total consideration of HKD 4.85 million. • The shares are earmarked for cancellation.
5. Repurchase Mandate Utilisation • Shareholders authorised the company on 5 June 2026 to repurchase up to 82.77 million shares. • Cumulative repurchases under this mandate now total 21.68 million shares, representing 2.62 % of the issued share base on the mandate date, leaving approximately 61.09 million shares of remaining capacity. • In line with Main Board Rule 10.06(3)(a), TUHU-W is restricted from issuing new shares or selling any treasury shares until 12 November 2026.
All actions were confirmed by the company secretary as compliant with Hong Kong listing rules and relevant regulatory requirements.