BOSS Zhipin (02076/BZ) announced on December 9 that the company had planned to repurchase 356000 shares of Class A common stock in the market on December 6, 2024, equivalent to 178000 American depositary shares. This repurchase of shares accounts for approximately 0.04% of the total issued and outstanding shares of the company. The average cost per share of Class A common stock is $7.01, excluding all related expenses.
The announcement mentioned that the source of funds for repurchasing shares is internal resources of the company, and the trustee will hold these shares in trust. As of the announcement date, the balance of Class A ordinary shares held by the trustee is 28.723 million shares. The company will continue to review and decide on the number of shares to be granted to eligible participants, and no share awards have been granted to date.