KE Holdings Inc. (NYSE:BEKE) commences share repurchases on September 02, 2022, under the program mandated by the shareholders in the Annual General Meeting held on June 30, 2022. As per the mandate, the company is authorized to repurchase up to 363,532,676 shares, representing 10% of its issued share capital. The repurchases will lead to an enhancement of the net asset value per share and/or earnings per share for the company.

The repurchases will be made out of the funds legally available for such purpose in accordance with its Memorandum and Articles of Association, the laws of the Cayman Islands and/or any other applicable laws and the Listing Rules, as the case may be. The authority shall expire at the earliest of the next Annual General Meeting, the date on which the next Annual General Meeting is required to be held or the date on which the authority is varied or revoked in a General Meeting. As of August 12, 2022, the company had 3,635,326,756 shares in issue.