Original title: core executives declared that the stock was still "firmly held" during the lifting of the ban, and the share price of Kuaishou rose in the short term.

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Author: Tang Nan

Tang Nan

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Yiou team author

Editor: Zhang Yuzhe

Five minutes ago.

[100 million Euro guided Reading]

On August 6, the "first share of China short Video" Kuaishou Hong Kong stocks continued to rise and fall in the morning. Although there was a short-term rise from 10: 00, the decline narrowed to 1.29% at one point, but fell again half an hour later. By the midday close of Hong Kong shares, Kuaishou shares were down 7.13% at HK $82.9.

The inscription comes from "original Picture".

August 6, "the first share of China short Video"

Hong Kong stocks continued to start and fall in the morning. Although there was a short-term rise from 10: 00, the decline narrowed to 1.29% at one point, but fell again half an hour later. By the midday close of Hong Kong shares, Kuaishou shares were down 7.13% at HK $82.9.

On August 5, according to internal employees of Kuaishou, at the internal meeting of Kuaishou, when employees asked whether the management of Kuaishou would reduce its holdings during the lifting of the ban, the core executives of Kuaishou said that they "firmly hold" and "do not reduce their holdings." and the two founders, Su Hua and Cheng Yichao, also made it clear that they would not sell.

The lifting of the ban on Kuaishou shares mainly includes cornerstone investors, institutional shareholders, shareholding executives and employees, with a total of 3.882 billion shares, accounting for 94.81 per cent of the post-issue share capital, of which Suhua and Reach Best hold 11.8 per cent, while Cheng Yixiao and Ke Yong hold 9.36 per cent.

According to the announcement of the selling price and distribution results announced by Kuaishou on February 4, the company's controlling shareholders CEO Suhua and ReachBest hold 11.8%, Cheng Yixiao and KeYong hold 9.36%, and employee shareholding platform holds 69.64%. Cornerstone investors, including Fidelity, GIC, Blackstone, Abu Dhabi Investment Authority and Temasek, hold 4.02 per cent.

In addition, Kuaishou handed out the Sunshine Award to its employees before the Spring Festival, and employees who joined before February 10, 2021 were each given 100 shares of the company's shares, with a lock-up period of six months. According to the calculation of the 16300 full-time employees disclosed in the Kuaishou prospectus, Kuaishou paid out a total of nearly 500 million yuan at that time.

In the past August 5, Kuaishou shares fell sharply. The company's shares closed at HK $89.1, down 15.3%. The sharp fall in the share price of Kuaishou may be related to the removal of its overseas market product Zynn due to the massive lifting of the ban on restricted shares six months after its listing.

On Aug. 4, Bloomberg reported that Kuaishou will officially shut down its short video app Zynn on Aug. 20 and delete all user data 45 days after the shutdown was announced. Then Kuaishou responded that the removal of Zynn and the suspension of service were normal business adjustments, and that Kuaishou's overseas market strategy remained unchanged, and revealed that Zynn had taken the initiative to remove its shelves in US app stores, but other overseas market products were not affected.

With regard to the continuous decline in the stock price, a Kuaishou employee said that one of the most discussed topics among the company's internal employees is to organize groups to copy their own stocks, and said that their colleagues are in a hurry to continue to buy Kuaishou's shares in the current time window. Screenshots were posted in the staff group and internal forums. The employee said that employees within the company are still confident about the future, believing that it is only a matter of time before the stock price rebounds.

According to Kuaishou's financial results for the first quarter of 2021, the revenue of Kuaishou in that quarter was 17 billion yuan, an increase of 36.6% over the same period last year, while the net loss was 4.9 billion yuan, an increase of 13.2% over the same period last year. The average number of daily active users of Kuaishou App in this quarter was 295 million, an increase of 16.6% over the same period last year and 8.7% month-on-month, and still did not break the 300 million daily active users mark.

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