TUHU-W Reduces Outstanding Class A Shares by 0.63% in August on Continued Buybacks; Public Float Remains Compliant

Bulletin Express
Sep 04

Hong Kong-listed TUHU-W (TUHU Car Inc.) filed its monthly return for the period ended 31 August 2026, confirming a sizeable reduction in outstanding shares driven by the company’s ongoing share-repurchase programme while maintaining full compliance with the exchange’s 25% minimum public-float requirement.

The group’s authorised capital was unchanged at 2.43 billion Class A weighted-voting-rights (WVR) ordinary shares and 68.95 million unlisted Class B WVR shares, with aggregate registered share capital steady at USD 50,000.

Issued Class A shares fell by 4.76 million during August to 755.86 million, representing a 0.63% month-on-month contraction. Issued Class B shares decreased by 0.43 million to 67.49 million after mandatory one-for-one conversions into Class A stock undertaken to preserve the existing WVR proportion.

The decline in Class A shares stemmed mainly from two repurchase tranches:

• 5.19 million shares repurchased between 25 June and 21 July were cancelled on 20 August. • A further 8.00 million shares were repurchased between 24 and 31 August; these remain pending cancellation at month-end.

Employee incentive instruments had minimal impact on share count. Under the 2019 Share Incentive Plan, 6,293 options lapsed, leaving 19.85 million outstanding. The Post-IPO Share Scheme carried 0.92 million outstanding options and 1.41 million restricted share units (RSUs) as at 31 August 2026. No new shares were issued and no cash proceeds were raised from option exercises during the month.

Following the month’s transactions, TUHU-W attested that its public float meets the 25% threshold required by the Hong Kong Stock Exchange.

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