Meituan-W Adds 9,258 Shares Through Option Exercise; Share Repurchase of 2.93 Million Shares Still Pending Cancellation

Bulletin Express
Sep 04

Meituan-W (Hong Kong stock code 03690) released its Monthly Return for August 2026, showing only minimal changes to its share structure while confirming compliance with Hong Kong’s public-float requirement.

Authorised Capital • Authorised share capital stayed unchanged at 9.26 billion Class B WVR ordinary shares and 0.74 billion Class A WVR ordinary shares, both carrying a par value of USD 0.00001. The overall authorised capital remains at USD 100,000.

Issued Shares • The number of issued Class B shares rose by 9,258 to 5.60 billion, entirely attributable to the exercise of Pre-IPO employee stock options. • Issued Class A shares were unchanged at 579.15 million. • Public float continues to meet the 25 percent minimum threshold stipulated by the Main Board rules.

Equity Incentive Activity • Pre-IPO employee stock incentive scheme: 9,258 options were exercised, reducing outstanding options to 10.49 million and raising HKD 0.15 million in proceeds. • Post-IPO share option scheme: no movements; 56.99 million options remain outstanding, with up to 354.55 million shares still available for future grants. • Post-IPO share award scheme retains capacity to issue up to 115.67 million shares; no awards were vested or cancelled in August.

Convertible Bonds • Two outstanding zero-coupon convertible bond tranches—due 2027 and 2028—total USD 38.90 million and are convertible into a combined 703,764 Class B shares at HKD 431.24 per share. No conversions occurred during the month.

Share Repurchase • A total of 2.93 million Class B shares repurchased on 29-30 June 2026 remain pending cancellation as of 31 August 2026; no additional treasury-share movements were recorded in August.

Overall, August saw negligible dilution—an increase of just 0.0002 percent in Class B issued shares—while the company’s authorised capital, convertible positions and share-based incentive pools remained largely unchanged.

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