Kanzhun holder plans sale of 36.6M shares

Kanzhun Ltd (BZ) received a notice under Rule 144 that IMAGE FRAME INVESTMENT (HK) LIMITED intends to sell up to 36,648,100 Class A ordinary shares through Merrill Lynch International on HKEX beginning September 15, 2026.

Rhea-AI Filing Summary

Kanzhun Ltd (BZ) received a notice under Rule 144 that IMAGE FRAME INVESTMENT (HK) LIMITED intends to sell up to 36,648,100 Class A ordinary shares through Merrill Lynch International on HKEX beginning September 15, 2026. The notice cites an aggregate market value of 283,473,000 for these shares and states that 844,310,783 shares of the same class are outstanding. The seller’s position comes from pre-IPO cash investments in Kanzhun on July 4, 2019 and February 10, 2020 totaling 36,648,100 shares.

Key Figures

Shares to be sold: 36,648,100 shares Aggregate market value: 283,473,000 Shares outstanding: 844,310,783 shares +3 more

6 metrics

Shares to be sold 36,648,100 shares Class A ordinary shares to be sold by IMAGE FRAME INVESTMENT (HK) LIMITED under Rule 144

Aggregate market value 283,473,000 Aggregate market value of the 36,648,100 Class A ordinary shares covered by the notice

Shares outstanding 844,310,783 shares Class A ordinary shares of Kanzhun Ltd outstanding, provided as context

First pre-IPO investment shares 29,449,493 shares Class A ordinary shares acquired on July 4, 2019 as a pre-IPO cash investment

Second pre-IPO investment shares 7,198,607 shares Class A ordinary shares acquired on February 10, 2020 as a pre-IPO cash investment

Planned sale start date September 15, 2026 Date on or after which sales on HKEX may begin

Key Terms

Rule 144, pre-IPO investment, aggregate market value, Class A Ordinary Shares

4 terms

Rule 144 regulatory

"See the definition of "person" in paragraph (a) of Rule 144."

Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.

pre-IPO investment financial

"Pre-IPO investment | KANZHUN LIMITED | | | 29449493"

aggregate market value financial

"36648100 | 283473000.00 | 844310783 | 09/15/2026"

Aggregate market value is the combined price you would pay to buy all outstanding shares of a company or all companies in a group at current market prices — essentially the sum of each stock’s market capitalization. It matters to investors because it shows the overall size and weight of an investment or sector (like the total cost to buy every piece of a puzzle), helps compare scale across companies or markets, and influences index composition and risk exposure.

Class A Ordinary Shares financial

"Class A Ordinary Shares, par value US$0.0001 per share"

Class A ordinary shares are a type of ownership stake in a company that typically grants voting rights to shareholders, allowing them to have a say in important company decisions. They often come with priority in receiving dividends or profits, making them attractive to investors seeking influence and potential income. These shares help distinguish different levels of ownership and rights within a company's stock structure.

FAQ

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

What does Kanzhun Ltd (BZ) disclose in this Rule 144 notice?

The notice states that IMAGE FRAME INVESTMENT (HK) LIMITED may sell up to 36,648,100 Class A ordinary shares of Kanzhun Ltd on HKEX, with Merrill Lynch International as broker, beginning on September 15, 2026, under Rule 144.

How many Kanzhun (BZ) shares are planned to be sold and through whom?

IMAGE FRAME INVESTMENT (HK) LIMITED plans to sell up to 36,648,100 Class A ordinary shares of Kanzhun Ltd through Merrill Lynch International, with the shares listed for sale on HKEX beginning September 15, 2026.

What is the aggregate market value of the Kanzhun (BZ) shares in this Rule 144 notice?

The Rule 144 notice reports an aggregate market value of 283,473,000 for the 36,648,100 Class A ordinary shares of Kanzhun Ltd that IMAGE FRAME INVESTMENT (HK) LIMITED intends to sell through Merrill Lynch International.

How many Kanzhun (BZ) Class A shares are outstanding according to the notice?

The notice states that there are 844,310,783 Class A ordinary shares of Kanzhun Ltd outstanding. This figure is provided as context for the planned sale under Rule 144 and is separate from the 36,648,100 shares covered by the notice.

When and how did IMAGE FRAME INVESTMENT (HK) LIMITED acquire the Kanzhun (BZ) shares?

IMAGE FRAME INVESTMENT (HK) LIMITED acquired 29,449,493 shares on July 4, 2019 and 7,198,607 shares on February 10, 2020, both described as pre-IPO investments in Kanzhun Ltd paid in cash, totaling 36,648,100 shares.

Who signed the Kanzhun (BZ) Rule 144 notice and on whose behalf?

The notice is signed “/s/ Byun Jung-won Elizabeth” on behalf of IMAGE FRAME INVESTMENT (HK) LIMITED on September 14, 2026, identifying that entity as the person for whose account the Kanzhun Ltd shares are to be sold.

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

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Available on EDGAR 09/14/2026 - 06:08 PM Accepted by SEC EDGAR 09/14/2026 - 06:08 PM Learn about SEC filing dates

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK	0001970144
Filer CCC	XXXXXXXX
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer	KANZHUN LIMITED
SEC File Number	001-40460
Address of Issuer	21/F, GrandyVic Building Taiyanggong Middle Road, Chaoyang Dist. Beijing CHINA 100020
Phone	86-10-8462-8340
Name of Person for Whose Account the Securities are To Be Sold	IMAGE FRAME INVESTMENT (HK) LIMITED
See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.
Relationship to Issuer	Shareholder

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Class A Ordinary Shares	Merrill Lynch International 2 King Edward Street London X0 EC1A 1HQ	36648100	283473000.00	844310783	09/15/2026	HKEX

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Class A Ordinary Shares, par value US$0.0001 per share	07/04/2019	Pre-IPO investment	KANZHUN LIMITED			29449493	07/04/2019	Cash
Class A Ordinary Shares, par value US$0.0001 per share	02/10/2020	Pre-IPO investment	KANZHUN LIMITED			7198607	02/10/2020	Cash

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Nothing to Report

144: Remarks and Signature

Remarks
Date of Notice	09/14/2026
ATTENTION:
The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.
Signature	/s/ Byun Jung-won Elizabeth (on behalf of IMAGE FRAME INVESTMENT (HK) LIMITED)
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)