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Hong Kong – Kanzhun Limited proposes dual primary listing on the stock exchange of Hong Kong Limited

19 December 2022

Kanzhun Limited (Nasdaq: BZ), whose core product is Chinese job board Boss Zhipin, announced a proposed dual primary listing on the stock exchange of Hong Kong Limited (HKEX).

The company received a letter of approval, in principle, to the listing application from the HKEX on 15 December 2022 for the dual primary listing of the shares on the Main Board of the HKEX. Its Class A ordinary shares have a value USD 0.0001 per share.

The company’s American depositary shares, each representing two shares, will continue to be primarily listed and traded on the Nasdaq Global Select Market.

Subject to the final listing approval from the HKEX, the shares are expected to commence trading on the Main Board of the HKEX on 22 December 2022 under the stock code ‘2076’.

The shares will be traded in board lots of 100 Shares. Upon the dual primary listing on the Main Board of the HKEX, the shares listed on the Main Board of the HKEX will be fully fungible with the American depositary shares listed on the Nasdaq.

Last month, Kanzhun Limited reported its unaudited financial results for the third quarter ended 30 September 2022. Revenue fell 2.7% to RMB 1.17 billion (USD 166.3 million).