KANZHUN LIMITED adopts AGM resolutions, re-elects directors

1 min read     Updated on 25 Jun 2026, 08:17 PM
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Anirudha BScanX News Team
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KANZHUN LIMITED adopted all resolutions at its AGM on June 25, 2026, re-electing four directors and approving mandates to issue and repurchase shares. Shareholders also approved amendments to the company's memorandum and articles of association.

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KANZHUN LIMITED adopted all proposed resolutions at its annual general meeting held in Beijing on June 25, 2026. The company, which operates the leading online recruitment platform BOSS Zhipin in China, secured shareholder approval for corporate authorizations including the re-election of directors and share mandates.

The resolutions passed include the re-election of Mr. Peng Zhao, Mr. Tao Zhang, and Ms. Yang Mu as executive directors. Mr. Yan Li was re-elected as an independent non-executive director. These appointments are effective immediately following the meeting.

Shareholders also granted the board a general unconditional mandate to allot, issue, and deal with additional Class A ordinary shares. This mandate includes the sale and transfer of treasury shares. A separate general unconditional mandate to purchase the company’s own shares and/or American Depositary Shares (ADSs) was also approved.

The company approved amendments to its current memorandum and articles of association by way of special resolution. This includes the adoption of the sixteenth amended and restated memorandum and articles of association. The specific terms and periods for the share mandates are detailed in the notice of the AGM dated May 20, 2026.

KANZHUN LIMITED connects job seekers and enterprise users through its mobile app, focusing on intelligent recommendations and two-way communication. The platform leverages network effects to drive recruitment efficiency and expansion.

How will the new share issuance mandate impact KANZHUN's capital allocation strategy and potential acquisitions?

What strategic initiatives can be expected from the re-elected board to maintain BOSS Zhipin's market leadership?

How might the share repurchase mandate influence the company's stock price and investor sentiment in the near term?

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BOSS Zhipin's ongoing share repurchases reach over RMB1.83 billion in 2026

1 min read     Updated on 16 Jun 2026, 04:38 PM
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Naman SScanX News Team
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Kanzhun Limited continued its share repurchase program on June 15, 2026, buying back 656,488 ordinary shares for over RMB31.0 million, bringing the year-to-date total to over RMB1.83 billion. The Board had previously increased the total repurchase authorization to US$400 million and extended the program through August 28, 2027. Additionally, the Company committed to allocating at least 50% of its adjusted net income for dividends and share repurchases over the next three years.

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Kanzhun Limited, operating as BOSS Zhipin, continued its share repurchase program by utilizing over RMB31.0 million to buy back 656,488 ordinary shares on June 15, 2026. This latest transaction brings the total value of share repurchases to over RMB1.83 billion year-to-date in 2026. The initiative reflects the Company's strategy to return capital to shareholders and underscores its confidence in future growth.

Share Repurchase Authorization

On March 18, 2026, the Board approved amendments to the existing share repurchase program. The total authorization was increased to repurchase up to US$400 million of the Company's shares, including American Depositary Shares (ADSs). The term of the program was extended through August 28, 2027, providing flexibility for capital allocation.

Dividend and Repurchase Policy

The Company announced on March 18, 2026, that for each of the three years starting from 2026, it will allocate no less than 50% of the Company's adjusted net income of the preceding fiscal year for the distribution of dividends and share repurchases. The Board retains the discretion to adjust the share repurchase and dividend plan based on financial performance, capital requirements, market conditions, and other relevant factors. The Company will provide timely updates to shareholders in accordance with applicable laws and regulations.

How will the increased capital allocation to shareholder returns impact BOSS Zhipin's ability to invest in growth initiatives?

What factors might influence the Board's decision to adjust the 50% adjusted net income payout ratio in future years?

How might the share repurchase program affect the company's stock liquidity and valuation in the long term?

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