BOSS Zhipin Continues Share Repurchase Program, Reinforcing Commitment to Shareholder Returns

BOSS Zhipin (Nasdaq: BZ) continued its share repurchase program, spending about RMB34.5 million to buy 733,918 ordinary shares on March 20, 2026.

Rhea-AI Summary

BOSS Zhipin (Nasdaq: BZ) continued its share repurchase program, spending about RMB34.5 million to buy 733,918 ordinary shares on March 20, 2026.

Year‑to‑date the company has deployed approximately RMB380 million on buybacks and increased program authorization to US$400 million through August 28, 2027. The Board also approved a policy to allocate at least 50% of adjusted net income for dividends and repurchases for each of the next three years, subject to Board discretion and applicable laws.

Positive

• RMB380 million deployed on buybacks YTD 2026
• Authorization increased to US$400 million through Aug 28, 2027
• Policy to allocate ≥50% of adjusted net income to dividends and buybacks

Negative

• Dividend and buyback allocation tied to adjusted net income (non-GAAP), which may reduce transparency
• Large cash deployment on repurchases (RMB34.5 million on March 20) could constrain other capital uses

Argus Mar 23 session

-2.05% close to close Open Argus

Details

News Market Reaction – BZ

On Mar 23, the day this news came out, BZ closed 2.05% below the previous close.

Data tracked by StockTitan Argus for the Mar 23 session.

Key Figures

Latest repurchase spend: RMB34.5 million Shares repurchased: 733,918 ordinary shares 2026 YTD buybacks: RMB380 million +4 more

Latest repurchase spend

RMB34.5 million

Used to repurchase ordinary shares on March 20, 2026

Shares repurchased

733,918 ordinary shares

Bought back on March 20, 2026

2026 YTD buybacks

RMB380 million

Total deployed toward share repurchases year-to-date 2026

Buyback authorization

US$400 million

Maximum under repurchase program through August 28, 2027

Capital return target

No less than 50%

Portion of adjusted net income allocated to dividends and buybacks

Policy duration

3 years

From 2026, based on prior-year adjusted net income

Program term end

August 28, 2027

Extended term for US$400M share repurchase authorization

Previous Buybacks Reports

5 past events · Latest: Feb 20

Same Type 5 events

1. Feb 20

   Ongoing buybacks

   24h Move

   +1.6%

   Continued repurchases using nearly RMB25M, lifting 2026 buyback spend above RMB340M.

2. Feb 11

   Ongoing buybacks

   24h Move

   -1.9%

   Over RMB40M deployed in buybacks, taking 2026 repurchases near RMB260M total.

3. Feb 02

   Ongoing buybacks

   24h Move

   +1.5%

   More than RMB20M used to repurchase 321,276 shares under existing US$250M program.

4. Jan 29

   Ongoing buybacks

   24h Move

   +0.4%

   Over RMB20M in additional buybacks for 315,908 shares within US$250M authorization.

5. Aug 20

   Program upsizing

   24h Move

   +4.8%

   Upsized repurchase plan from US$150M to US$250M and extended through Aug 28, 2026.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

share repurchase program, adjusted net income, non-GAAP, ads

4 terms

share repurchase program financial

"announced the continued execution of its share repurchase program, utilizing around RMB34.5"

A share repurchase program is when a company buys back its own shares from the marketplace. This reduces the total number of shares available, which can increase the value of each remaining share and signal confidence in the company's prospects. For investors, it often suggests that the company believes its stock is undervalued or that it has extra cash to return to shareholders.

adjusted net income financial

"allocate no less than 50% of the Company’s adjusted net income (a non-GAAP financial"

Adjusted net income is a company's reported profit after removing unusual, one-time, or non-operational items so the number reflects the business’s regular earning power. Investors use it like a cleaned-up scorecard — similar to judging a player’s season performance without a few fluke games — to compare companies or assess trends without being misled by rare gains or losses that won’t affect future cash flow.

non-GAAP financial

"allocate no less than 50% of the Company’s adjusted net income (a non-GAAP financial"

Non-GAAP refers to financial measures that companies use to show their earnings or performance without including certain expenses or income that are often added back to give a different picture. It matters because it can make a company's results look better or more favorable, but it may also hide important costs, so investors need to look at both GAAP (official rules) and non-GAAP numbers to get a full understanding.

View in glossary

ads financial

"up to US$400 million of the Company's shares (including ADSs) over the extended term"

Ads are paid promotional messages a company places across media — online, on TV, in print, or on social platforms — to attract customers, explain products, or shape public perception. For investors, ads matter because they drive sales growth, affect how much a company must spend to win customers, and influence brand strength and long-term value. Ads can also create regulatory or reputational risk if claims are misleading, which can affect profits and stock price.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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BEIJING, March 23, 2026 (GLOBE NEWSWIRE) -- KANZHUN LIMITED (“BOSS Zhipin” or the “Company”) (Nasdaq: BZ; HK: 2076) today announced the continued execution of its share repurchase program, utilizing around RMB34.5 million to repurchase 733,918 ordinary shares on March 20. Year-to-date in 2026, the Company has deployed around RMB380 million toward share repurchases. This move underscores the Company's ongoing commitment to shareholder returns.

On March 18, 2026, the Company’s board of directors (the “Board”) approved amendments to the existing share repurchase program, increasing the total authorization under the program to repurchase up to US$400 million of the Company's shares (including ADSs) over the extended term of the program through August 28, 2027, in a sign of confidence about the Company's continued growth.

The Company also announced on March 18, 2026 that for each of the next three years starting from 2026, it will allocate no less than 50% of the Company’s adjusted net income (a non-GAAP financial measure) of the preceding fiscal year for distribution of dividends and share repurchases. The Board may adjust its share repurchase and dividend plan at its discretion based on financial performance, capital requirements, market conditions, and other relevant factors, and will provide timely updates to shareholders of the Company as and when appropriate in accordance with applicable laws and regulations.

These initiatives underscore the management’s confidence in the Company’s long-term growth and reflect its strong commitment to sharing its growth with shareholders, delivering sustainable value and reinforcing its dedication to shareholder returns.

CONTACT:
PIACENTE·FINANCIAL COMMUNICATIONS
kanzhun@tpg-ir.com

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many shares did BZ repurchase on March 20, 2026 and for how much?

BOSS Zhipin repurchased 733,918 ordinary shares on March 20, 2026 for about RMB34.5 million. According to the company, this transaction is part of its ongoing share repurchase program to return capital to shareholders.

What is the new total repurchase authorization for BZ and what is the timeline?

The Board increased authorization to repurchase up to US$400 million of shares, including ADSs, through August 28, 2027. According to the company, the extension reflects confidence in long‑term growth and shareholder returns.

How much has BZ spent on buybacks so far in 2026?

Year‑to‑date in 2026, BOSS Zhipin has deployed about RMB380 million toward share repurchases. According to the company, these repurchases are part of its broader capital return strategy for shareholders.

What is BZ's dividend and repurchase allocation policy starting 2026?

For each of the next three years starting 2026, BOSS Zhipin will allocate no less than 50% of adjusted net income of the preceding fiscal year for dividends and share repurchases. According to the company, the Board retains discretion to adjust the plan.

Will BZ's Board still be able to change the repurchase and dividend plan?

Yes. The Board may adjust share repurchase and dividend plans based on financial performance, capital needs, market conditions, and other factors. According to the company, updates will be provided to shareholders as appropriate under applicable laws.

Does BZ's repurchase program include American Depositary Shares (ADSs)?

Yes. The increased authorization of up to US$400 million covers the company's ordinary shares and ADSs. According to the company, the authorization applies to both share types over the extended program term.