Tuhu Car Inc. (Tuhu-W), a Cayman-incorporated issuer with weighted voting rights, disclosed that it bought back 2.03 million Class A ordinary shares on 25 August 2026 via on-market transactions on the Hong Kong Stock Exchange.
• Size and pricing: The shares were repurchased within a price range of HKD 11.35–11.80, at a volume-weighted average cost of HKD 11.49 per share, for a total consideration of HKD 23.28 million.
• Capital impact: The 2.03 million shares correspond to 0.25 % of the company’s 823.35 million issued shares (comprising 755.86 million Class A and 67.49 million Class B shares) outstanding prior to the transaction. Including 2.04 million shares repurchased on 24 August at an average HKD 11.60, the two-day total stands at 4.06 million shares, or 0.49 % of pre-repurchase share capital; these shares await formal cancellation.
• Repurchase mandate utilisation: Since the annual general meeting on 5 June 2026, Tuhu-W has repurchased 9.25 million shares, utilising 1.12 % of its authorised buy-back limit of 82.77 million shares. The remaining headroom under the mandate is approximately 73.52 million shares.
• Share count: Despite the buy-backs, the issued Class A share count remained at 755.86 million as of 25 August 2026 pending cancellation of the repurchased shares; no treasury shares were held.
• Moratorium: In accordance with Hong Kong listing rules, Tuhu-W is restricted from issuing new shares or selling treasury shares until 24 September 2026.
The board confirms that all repurchase activities complied with Hong Kong Stock Exchange requirements, and that the company has received all due funds from the transactions.