TUHU Car Inc.(09690.HK): Proposes Share Repurchases and Share Acquisition for Equity Incentive Scheme with Maximum Outlay of HK$1.5 Billion

NewTimeSpace News: On June 29, 2026,TUHU Car Inc.(09690.HK) issued a voluntary announcement stating that the board of directors has approved two arrangements: repurchases of the Company’s Class A ordinary shares on the open market, and provision of funds to the trustee of the Second Post-IPO Share Scheme for share purchases. The total maximum budget for both initiatives is HK$1.5 billion, to be funded by the Group’s internal financial resources.

The share repurchases will be conducted under the general mandate granted by shareholders at the annual general meeting held on June 5, 2026. The Company intends to cancel no less than 50 million repurchased Class A shares by the end of July 2028. As part of the overall funding arrangement, the trustee may utilise funds provided by the Company to purchase Class A shares on the open market from time to time, to settle awards granted to eligible participants under the share scheme.

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