KANZHUN LIMITED Announces Upsizing and Extension of Share Repurchase Program

Rhea-AI Summary

KANZHUN LIMITED (Nasdaq: BZ; HKEX: 2076), China's leading online recruitment platform, has announced significant changes to its share repurchase program. The company has increased the program's size from US$150 million to US$250 million and extended its duration through August 28, 2026.

This expansion builds upon the original share repurchase program initiated on August 29, 2024. The enhanced program demonstrates the company's continued commitment to delivering shareholder value and confidence in its long-term prospects.

Positive

• Increased share repurchase authorization by US$100 million to US$250 million total
• 12-month extension of the buyback program through August 2026
• Demonstrates strong financial position and commitment to shareholder returns

Negative

• Significant cash allocation to buybacks may limit funds available for operational growth

Insights

Financial Analyst

KANZHUN expands share buyback from $150M to $250M and extends program through August 2026, signaling management confidence and potential EPS boost.

KANZHUN LIMITED has significantly expanded its share repurchase initiative, increasing the authorization from $150 million to $250 million while extending the program's timeframe by 12 months through August 2026. This 67% increase in buyback capacity represents a substantial commitment to returning capital to shareholders.

The enhanced repurchase program sends several important signals to the market. First, it suggests management believes the company's shares may be undervalued at current trading levels. Second, it indicates strong confidence in KANZHUN's long-term business prospects and cash flow generation capabilities. For China's leading online recruitment platform to allocate such significant capital to buybacks implies robust underlying fundamentals despite broader market uncertainties.

From a financial perspective, the expanded buyback should benefit shareholders through improved per-share metrics. By reducing the outstanding share count, the company can increase earnings per share even without growing absolute profits. Additionally, the buyback provides a floor for the stock price by introducing a consistent buyer into the market. The extension through 2026 gives management flexibility to execute purchases strategically, potentially accelerating during market pullbacks to maximize shareholder value.

This move aligns with global trends where companies with strong balance sheets are increasingly using share repurchases as a tax-efficient alternative to dividends. For investors in Chinese tech platforms, which have faced regulatory and macroeconomic pressures, this capital return strategy may provide reassurance about KANZHUN's financial health and management's shareholder-friendly orientation.

BEIJING, Aug. 20, 2025 (GLOBE NEWSWIRE) -- KANZHUN LIMITED (“BOSS Zhipin” or the “Company”) (Nasdaq: BZ; HKEX: 2076), a leading online recruitment platform in China, today announced the upsizing and extension of its share repurchase program.

As previously announced, the Company established a share repurchase program on August 29, 2024, whereby the Company was authorized to repurchase up to US$150 million of its shares (including in the form of American depositary shares (“ADS”)) for a 12-month period. On August 20, 2025, the Company’s board of directors approved amendments to its existing share repurchase program, extending the program for a 12-month period through August 28, 2026 and authorizing repurchases of up to US$250 million of the Company’s shares (including ADSs) during the extended 12-month period.

Safe Harbor Statement

This press release contains statements that may constitute “forward-looking” statements which are made pursuant to the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “aims,” “future,” “intends,” “plans,” “believes,” “estimates,” “likely to,” and similar statements. The Company may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission, in announcements made on the website of The Stock Exchange of Hong Kong Limited, in its interim and annual reports to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including but not limited to statements about the Company’s beliefs, plans, and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. Further information regarding these and other risks is included in the Company’s filings with the U.S. Securities and Exchange Commission and The Stock Exchange of Hong Kong Limited. All information provided in this press release is as of the date of this press release, and the Company does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

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.

For more information, please visit https://ir.zhipin.com.

For investor and media inquiries, please contact: 

KANZHUN LIMITED
Investor Relations
Email: ir@kanzhun.com

PIACENTE FINANCIAL COMMUNICATIONS
Email: kanzhun@tpg-ir.com

FAQ

What is the new size of KANZHUN's (BZ) share repurchase program?

KANZHUN has increased its share repurchase program to US$250 million, up from the previous US$150 million authorization.

When does KANZHUN's (BZ) extended share buyback program expire?

The extended share repurchase program will run through August 28, 2026, representing a 12-month extension from the previous program.

How much did KANZHUN (BZ) increase its share buyback program by?

KANZHUN increased its share buyback program by US$100 million, raising it from US$150 million to US$250 million.

What types of shares can KANZHUN (BZ) repurchase under this program?

KANZHUN is authorized to repurchase its shares including those in the form of American depositary shares (ADSs) under this program.

Where is KANZHUN (BZ) stock listed?

KANZHUN is dual-listed on the Nasdaq (BZ) and the Hong Kong Stock Exchange (2076).