TUHU-W logs 14.50 million-share buyback pending cancellation; latest trade on 6 Oct costs HKD 1.61 million

Bulletin Express
Oct 06

TUHU Car Inc. (TUHU-W) filed a Next Day Disclosure Return showing no change in the outstanding 755.86 million Class A weighted-voting-right shares between 5 and 6 October 2026.

Share repurchase activity • Between 24 August and 6 October 2026 the company bought back 14.50 million Class A shares that have not yet been cancelled, equal to 1.76% of the 823.35 million total issued shares (Class A plus Class B) recorded on 5 October. • Aggregate consideration for these purchases amounts to roughly HKD 171.41 million, implying an average repurchase price of about HKD 11.83 per share. • The most recent transaction on 6 October involved 139,100 shares repurchased on-market at HKD 11.59–11.60, costing HKD 1.61 million.

Mandate utilisation • The current buybacks fall under the authority granted on 5 June 2026 to repurchase up to 82.77 million shares. • Cumulative repurchases under this mandate now stand at 19.68 million shares, or 23.78% of the authorised amount—equivalent to 2.38% of the share base at the mandate date.

Capital-management implications • Because the repurchased shares have not yet been cancelled, the issued share capital remains unchanged for now. • Under Main Board Rule 10.06, TUHU-W is subject to a 30-day moratorium on issuing new shares or disposing of treasury shares, effective until 5 November 2026.

The company stated that all repurchases were executed in accordance with Hong Kong listing rules and relevant legal requirements.

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