Kanzhun (Nasdaq:BZ; HKEX:2076) announced that all resolutions at its annual general meeting on June 25, 2026, in Beijing were approved.
Shareholders re-elected four directors, granted general mandates to issue and repurchase shares/ADSs, and approved adopting the sixteenth amended and restated memorandum and articles of association.
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News Market Reaction – BZ
-3.73%
-3.73%Session close to close
In the Jun 25 session, BZ declined 3.73%, reflecting a moderate negative market reaction.
This announcement confirms shareholder approval of all AGM resolutions, including director re-electi...
Analysis
This announcement confirms shareholder approval of all AGM resolutions, including director re-elections and mandates to issue and repurchase shares. It reinforces governance continuity but expanded issuance authority introduces dilution risk; investors may watch how buybacks versus new share issues are balanced.
Continued execution of 2026 repurchases under the US$400M authorization.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Pattern Detected
Recent buyback announcements have led to mixed but mostly modest single-digit price moves, with one notably larger downside reaction.
Key Terms
independent non-executive director, general unconditional mandate, treasury shares, american depositary shares, +1 more
5 terms
independent non-executive directorregulatory
"and Mr. Yan Li is re-elected as an independent non-executive director of the Company"
An independent non-executive director is a board member who is not part of a company’s day-to-day management and has no close ties to major owners, so they can offer unbiased oversight of strategy, risks, and executive pay. For investors, they act like an impartial referee who helps prevent conflicts of interest, improve transparency and hold management accountable, which can reduce governance risk and protect shareholder value.
general unconditional mandateregulatory
"the directors of the Company are granted a general unconditional mandate to allot, issue and deal"
A general unconditional mandate is shareholder approval that lets a company's board issue new shares or take certain corporate actions without extra conditions or special approvals each time. Think of it as giving the board a standing blank check to raise capital or fund deals quickly; it matters to investors because it can dilute existing holdings, change voting power, and speed up financing decisions that affect share value.
treasury sharesfinancial
"Class A ordinary shares (including any sale and/or transfer of treasury shares) and a general"
Treasury shares are a company’s own stock that it has repurchased and keeps on its books instead of canceling or leaving in the hands of outside investors. Think of them like coupons a business puts back in a drawer: they don’t vote or receive dividends while held, but they can be reissued later for employee pay or fundraising. For investors this matters because buybacks change the number of shares that count toward earnings and ownership, can boost per‑share metrics, and use corporate cash that might otherwise go to growth or dividends.
american depositary sharesfinancial
"purchase the Company’s own shares and/or ADSs, respectively, on the terms and in the periods"
American depositary shares (ADSs) are a way for investors in the United States to buy shares of foreign companies without dealing with international markets directly. They represent ownership in a foreign company's stock and are traded on U.S. stock exchanges, making it easier for American investors to buy, sell, and own parts of companies from around the world.
special resolutionregulatory
"are approved by way of special resolution."
A special resolution is a formal shareholder vote that requires a higher-than-normal majority—typically around three-quarters—to approve major corporate changes, such as altering the company’s governing rules, selling the business, or winding it up. It matters to investors because it signals decisive, potentially value-altering actions that cannot be passed by a simple majority; think of it as needing extra votes to change the rules of a club, so minority interests are harder to override.
BEIJING, June 25, 2026 (GLOBE NEWSWIRE) -- KANZHUN LIMITED (“BOSS Zhipin” or the “Company”) (Nasdaq: BZ; HKEX: 2076), a leading online recruitment platform in China, today announced that each of the proposed resolutions submitted for shareholders’ approval (the “Proposed Resolutions”) as set forth in the notice of annual general meeting dated May 20, 2026 has been adopted at the annual general meeting (the “AGM”) held in Beijing, China today.
After the adoption of the Proposed Resolutions, all corporate authorizations and actions contemplated thereunder are approved, including, among other things, that (i) each of Mr. Peng Zhao, Mr. Tao Zhang and Ms. Yang Mu is re-elected as an executive director of the Company, and Mr. Yan Li is re-elected as an independent non-executive director of the Company, and (ii) the directors of the Company are granted a general unconditional mandate to allot, issue and deal with additional Class A ordinary shares (including any sale and/or transfer of treasury shares) and a general unconditional mandate to purchase the Company’s own shares and/or ADSs, respectively, on the terms and in the periods as set out in the notice of the AGM are approved by way of ordinary resolutions. And the proposed amendments to the current memorandum and articles of association of the Company and the adoption of the sixteenth amended and restated memorandum and articles of association of the Company are approved by way of special resolution.
About KANZHUN LIMITED
KANZHUN LIMITED operates the leading online recruitment platform BOSS Zhipin in China. The Company connects job seekers and enterprise users in an efficient and seamless manner through its highly interactive mobile app, a transformative product that promotes two-way communication, focuses on intelligent recommendations, and creates new scenarios in the online recruiting process. Benefiting from its large and diverse user base, BOSS Zhipin has developed powerful network effects to deliver higher recruitment efficiency and drive rapid expansion.
What did Kanzhun (BZ) announce about the results of its 2026 AGM?
Kanzhun announced that all resolutions proposed at its June 25, 2026 annual general meeting were approved. According to Kanzhun, this included director re-elections, capital authorization mandates, and adoption of a new amended and restated memorandum and articles of association.
Which directors were re-elected at Kanzhun's June 25, 2026 AGM (Nasdaq:BZ)?
Shareholders re-elected Mr. Peng Zhao, Mr. Tao Zhang, and Ms. Yang Mu as executive directors and Mr. Yan Li as an independent non-executive director. According to Kanzhun, these re-elections were approved through ordinary resolutions at the 2026 annual general meeting in Beijing.
What share issuance mandate did Kanzhun (BZ) receive approval for at the 2026 AGM?
Kanzhun received a general unconditional mandate for its directors to allot, issue and deal with additional Class A ordinary shares. According to Kanzhun, this includes any sale or transfer of treasury shares, on the terms and within the periods set out in the AGM notice.
Did Kanzhun (BZ) receive a new share repurchase mandate at its 2026 AGM?
Yes. Kanzhun shareholders granted directors a general unconditional mandate to purchase the company’s own shares and/or ADSs. According to Kanzhun, this repurchase authority is to be exercised on the terms and during the periods defined in the AGM notice.
What changes to Kanzhun's memorandum and articles were approved on June 25, 2026?
Shareholders approved amendments to Kanzhun’s existing memorandum and articles of association and adopted the sixteenth amended and restated version. According to Kanzhun, this change was passed by special resolution at the 2026 annual general meeting in Beijing.
