On August 12th, Beike announced on the Hong Kong Stock Exchange that the company established a share repurchase plan in August 2022 and will expand and extend it in August 2023. According to the plan, the company may purchase up to $2 billion of Class A common stock and/or American depositary shares by August 31, 2024. As of the announcement date, since the launch of the existing share repurchase plan, the company has purchased approximately 95 million American Depositary Shares (equivalent to approximately 285 million Class A common shares) on the New York Stock Exchange for a total consideration of approximately $1.3898 billion.