BEIJING, Aug. 26, 2025 — KE Holdings Inc. (“Beike” or the “Company”) (NYSE: BEKE; HKEX: 2423), a leading online and offline platform for housing transactions and related services, announced that its board has approved an increase and extension to its share repurchase program.

The company had previously announced a share repurchase program in August 2022, which was subsequently upsized and extended in August 2023 and August 2024. This program authorized the Company to repurchase up to US$3 billion of its Class A ordinary shares and/or American depositary shares (“ADSs”) until August 31, 2025 (the “Existing Share Repurchase Program”). To date, the Company has bought back approximately 138.7 million ADSs (representing about 416.2 million Class A ordinary shares) on the NYSE for a total of roughly US$2,177.9 million under the Existing Share Repurchase Program since its inception.

On August 26, 2025, the board approved changes to the Existing Share Repurchase Program, increasing the repurchase authorization from US$3 billion to US$5 billion and extending the program until August 31, 2028 (the “Extended Share Repurchase Program”). At the annual general meeting (the “AGM”) held on June 27, 2025, shareholders approved granting the board a general unconditional mandate to purchase the Company’s own shares (the “2025 Share Repurchase Mandate”). This mandate covers repurchases made under the Extended Share Repurchase Program until the conclusion of the next AGM. After the 2025 Share Repurchase Mandate expires, the Company will seek further general unconditional mandates for repurchases from shareholders at each of the next three AGMs to continue its share repurchase under the Extended Share Repurchase Program.

About KE Holdings Inc.

KE Holdings Inc. operates a leading integrated online and offline platform for housing transactions and services. The Company is a pioneer in developing infrastructure and standards to improve efficiency for service providers and customers in China’s housing market, covering existing and new home sales, rentals, renovation and furnishing, and other services. The Company owns and operates Lianjia, a leading real estate brokerage brand in China and a core component of the Beike platform. With over 23 years of experience operating Lianjia since 2001, the Company believes its success provides a strong foundation for building infrastructure, setting standards, and driving the rapid and sustainable growth of Beike.

Safe Harbor Statement

This release contains forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. These statements are often identified by terms such as “will,” “expects,” “anticipates,” “aims,” “future,” “intends,” “plans,” “believes,” “estimates,” “likely to,” and similar expressions. Beike may also make such statements in its filings with the SEC and the Hong Kong Stock Exchange, annual reports, press releases, and other written materials, as well as in oral statements by its officers, directors, or employees. These statements, which are not historical facts, include those about KE Holdings Inc.’s beliefs, plans, and expectations, and involve inherent risks and uncertainties. Various factors could cause actual results to differ materially from those projected in these statements, including but not limited to: Beike’s goals and strategies; its future business development, financial condition, and operating results; anticipated changes in revenues, costs, or expenditures; its ability to empower services and facilitate transactions on the Beike platform; competition in its industry; relevant government policies and regulations; its ability to protect its systems and infrastructure from cyber-attacks; its dependence on the integrity of brokerage brands, stores, and agents; general economic and business conditions in China and globally; and underlying assumptions. Further information regarding these and other risks can be found in KE Holdings Inc.’s filings with the SEC and the Hong Kong Stock Exchange. All information in this release is current as of its date, and KE Holdings Inc. does not undertake any obligation to update these statements, except as required by law.

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For investor and media inquiries, please contact:

In China:
KE Holdings Inc.
Investor Relations
Siting Li
E-mail:

Piacente Financial Communications
Jenny Cai
Tel: +86-10-6508-0677
E-mail:

In the United States:
Piacente Financial Communications
Brandi Piacente
Tel: +1-212-481-2050
E-mail:

Source: KE Holdings Inc.