KE Holdings Inc. (NYSE: BEKE; HKEX: 2423) announced its board of directors approved an increase and extension of its share repurchase program on August 26, 2025.

The company expanded the program authorization from $3 billion to $5 billion and extended the timeline until August 31, 2028. The original program was established in August 2022 and had been previously upsized and extended in August 2023 and August 2024.

Since the program's launch, KE Holdings has purchased approximately 138.7 million American depositary shares, representing about 416.2 million Class A ordinary shares, on the New York Stock Exchange for a total consideration of approximately $2.18 billion.

The company's shareholders approved a general mandate for share repurchases at the annual general meeting held on June 27, 2025. This mandate covers repurchases under the extended program until the next annual meeting. KE Holdings stated it will seek similar mandates at the next three annual meetings to continue the program.

KE Holdings operates as an integrated online and offline platform for housing transactions and services in China. The company owns Lianjia, a real estate brokerage brand, and operates the Beike platform for various housing-related services including home sales, rentals, renovation and furnishing.