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6-K 1 tm2530650d1_6k.htm FORM 6-K

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

 

FORM 6-K

 

 

 

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16 UNDER

THE SECURITIES EXCHANGE ACT OF 1934

 

For the month of November 2025

 

Commission File Number: 001-39436

 

 

 

KE Holdings Inc.

(Registrant’s Name)

 

 

 

Oriental Electronic Technology Building,

No. 2 Chuangye Road, Haidian District,

Beijing 100086

People’s Republic of China

(Address of Principal Executive Offices)

 

 

 

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.

 

Form 20-F x      Form 40-F ¨

 

 

 


 

EXHIBIT INDEX

 

Exhibit No.   Description
99.1   Next Day Disclosure Return Dated November 3, 2025
99.2   Next Day Disclosure Return Dated November 4, 2025
99.3   Next Day Disclosure Return Dated November 5, 2025
99.4   Next Day Disclosure Return Dated November 6, 2025
99.5   Monthly Return for Equity Issuer on Movements in Securities

 

 


 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

  KE Holdings Inc.
   
  By :

/s/ XU Tao

  Name : XU Tao
  Title : Chief Financial Officer

 

Date: November 10, 2025

 

 

 

EX-99.1 2 tm2530650d1_ex99-1.htm EXHIBIT 99.1
Exhibit 99.1

GRAPHIC

FF305 Page 1 of 9 v 1.3.0 Next Day Disclosure Return (Equity issuer - changes in issued shares or treasury shares, share buybacks and/or on-market sales of treasury shares) Instrument: Equity issuer Status: New Submission Name of Issuer: KE Holdings Inc. Date Submitted: 03 November 2025 Section I must be completed by a listed issuer where there has been a change in its issued shares or treasury shares which is discloseable pursuant to rule 13.25A of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the “Exchange”) (the “Main Board Rules”) or rule 17.27A of the Rules Governing the Listing of Securities on GEM of the Exchange (the “GEM Rules”). Section I 1. Class of shares WVR ordinary shares Type of shares A Listed on the Exchange Yes Stock code (if listed) 02423 Description A. Changes in issued shares or treasury shares Events Changes in issued shares (excluding treasury shares) Number of issued shares (excluding treasury shares) As a % of existing number of issued shares (excluding treasury shares) before the relevant event (Note 3) Changes in treasury shares Number of treasury shares Issue/ selling price per share (Note 4) Total number of issued shares Opening balance as at (Note 1) 30 October 2025 3,403,080,518 0 3,403,080,518 1). Other (please specify) See Part B Date of changes 31 October 2025 % Closing balance as at (Notes 5 and 6) 31 October 2025 3,403,080,518 0 3,403,080,518


GRAPHIC

FF305 Page 2 of 9 v 1.3.0 B. Shares redeemed or repurchased for cancellation but not yet cancelled as at the closing balance date (Notes 5 and 6) 1). Repurchase of shares (or other securities) but not cancelled Date of changes 02 September 2025 1,146,105 % USD 6.0976 2). Repurchase of shares (or other securities) but not cancelled Date of changes 03 September 2025 1,129,902 % USD 6.1952 3). Repurchase of shares (or other securities) but not cancelled Date of changes 04 September 2025 1,132,359 % USD 6.1818 4). Repurchase of shares (or other securities) but not cancelled Date of changes 05 September 2025 1,110,219 % USD 6.304 5). Repurchase of shares (or other securities) but not cancelled Date of changes 08 September 2025 1,096,452 % USD 6.3821 6). Repurchase of shares (or other securities) but not cancelled Date of changes 09 September 2025 1,050,570 % USD 6.663 7). Repurchase of shares (or other securities) but not cancelled Date of changes 10 September 2025 1,055,388 % USD 6.6274 8). Repurchase of shares (or other securities) but not cancelled Date of changes 11 September 2025 519,324 % USD 6.6563 9). Repurchase of shares (or other securities) but not cancelled Date of changes 12 September 2025 408,906 % USD 6.6722 10). Repurchase of shares (or other securities) but not cancelled Date of changes 15 September 2025 685,164 % USD 6.5677 11). Repurchase of shares (or other securities) but not cancelled Date of changes 16 September 2025 652,602 % USD 6.63


GRAPHIC

FF305 Page 3 of 9 v 1.3.0 12). Repurchase of shares (or other securities) but not cancelled Date of changes 17 September 2025 292,908 % USD 6.828 13). Repurchase of shares (or other securities) but not cancelled Date of changes 18 September 2025 675,684 % USD 6.6599 14). Repurchase of shares (or other securities) but not cancelled Date of changes 19 September 2025 676,950 % USD 6.6463 15). Repurchase of shares (or other securities) but not cancelled Date of changes 22 September 2025 690,450 % USD 6.5175 16). Repurchase of shares (or other securities) but not cancelled Date of changes 23 September 2025 708,750 % USD 6.3492 17). Repurchase of shares (or other securities) but not cancelled Date of changes 24 September 2025 697,248 % USD 6.4539 18). Repurchase of shares (or other securities) but not cancelled Date of changes 25 September 2025 699,402 % USD 6.434 19). Repurchase of shares (or other securities) but not cancelled Date of changes 26 September 2025 693,855 % USD 6.4813 20). Repurchase of shares (or other securities) but not cancelled Date of changes 29 September 2025 297,129 % USD 6.7311 21). Repurchase of shares (or other securities) but not cancelled Date of changes 30 September 2025 1,563,114 % USD 6.3965 22). Repurchase of shares (or other securities) but not cancelled Date of changes 01 October 2025 472,449 % USD 6.3499 23). Repurchase of shares (or other securities) but not cancelled Date of changes 02 October 2025 793,566 % USD 6.3006


GRAPHIC

FF305 Page 4 of 9 v 1.3.0 24). Repurchase of shares (or other securities) but not cancelled Date of changes 03 October 2025 796,722 % USD 6.2757 25). Repurchase of shares (or other securities) but not cancelled Date of changes 06 October 2025 696,948 % USD 6.2852 26). Repurchase of shares (or other securities) but not cancelled Date of changes 07 October 2025 807,990 % USD 6.1882 27). Repurchase of shares (or other securities) but not cancelled Date of changes 08 October 2025 815,142 % USD 6.1339 28). Repurchase of shares (or other securities) but not cancelled Date of changes 09 October 2025 814,053 % USD 6.1421 29). Repurchase of shares (or other securities) but not cancelled Date of changes 10 October 2025 1,170,492 % USD 5.9804 30). Repurchase of shares (or other securities) but not cancelled Date of changes 13 October 2025 830,082 % USD 6.0235 31). Repurchase of shares (or other securities) but not cancelled Date of changes 14 October 2025 824,940 % USD 6.061 32). Repurchase of shares (or other securities) but not cancelled Date of changes 15 October 2025 814,122 % USD 6.1416 33). Repurchase of shares (or other securities) but not cancelled Date of changes 16 October 2025 821,538 % USD 6.0861 34). Repurchase of shares (or other securities) but not cancelled Date of changes 17 October 2025 821,211 % USD 6.0885 35). Repurchase of shares (or other securities) but not cancelled Date of changes 20 October 2025 810,273 % USD 6.1707


GRAPHIC

FF305 Page 5 of 9 v 1.3.0 36). Repurchase of shares (or other securities) but not cancelled Date of changes 21 October 2025 812,160 % USD 6.1564 37). Repurchase of shares (or other securities) but not cancelled Date of changes 22 October 2025 812,805 % USD 6.1515 38). Repurchase of shares (or other securities) but not cancelled Date of changes 23 October 2025 813,147 % USD 6.1489 39). Repurchase of shares (or other securities) but not cancelled Date of changes 24 October 2025 1,178,391 % USD 5.9403 40). Repurchase of shares (or other securities) but not cancelled Date of changes 27 October 2025 938,589 % USD 6.047 41). Repurchase of shares (or other securities) but not cancelled Date of changes 28 October 2025 1,175,901 % HKD 5.9528 42). Repurchase of shares (or other securities) but not cancelled Date of changes 29 October 2025 1,176,624 % HKD 5.9492 43). Repurchase of shares (or other securities) but not cancelled Date of changes 30 October 2025 1,212,795 % HKD 5.7693 44). Repurchase of shares (or other securities) but not cancelled Date of changes 31 October 2025 1,413,678 0.04 % HKD 5.659 Remarks: Issued shares as a % of existing number of issued shares before relevant share issue calculated based on the Company's total number of issued shares of 3,544,031,893 shares (comprising 3,403,080,518 Class A ordinary shares and 140,951,375 Class B ordinary shares).


GRAPHIC

FF305 Page 6 of 9 v 1.3.0 Confirmation Not applicable Notes to Section I: 1. Please insert the closing balance date of the last Next Day Disclosure Return published pursuant to Main Board Rule 13.25A / GEM Rule 17.27A or Monthly Return pursuant to Main Board Rule 13.25B / GEM Rule 17.27B, whichever is the later. 2. Please set out all changes in issued shares or treasury shares requiring disclosure pursuant to Main Board Rule 13.25A / GEM Rule 17.27A together with the relevant dates of changes. Each category will need to be disclosed individually with sufficient information to enable the user to identify the relevant category in the listed issuer's Monthly Return. For example, multiple issues of shares as a result of multiple exercises of share options under the same share option scheme or of multiple conversions under the same convertible note must be aggregated and disclosed as one category. However, if the issues resulted from exercises of share options under 2 share option schemes or conversions of 2 convertible notes, these must be disclosed as 2 separate categories. 3. The percentage change in the number of issued shares (excluding treasury shares) of the listed issuer is to be calculated by reference to the opening balance of the number of issued shares (excluding treasury shares) being disclosed in this Next Day Disclosure Return. 4. In the case of a share repurchase or redemption, the “issue/ selling price per share” shall be construed as “repurchase price per share” or “redemption price per share”. Where shares have been issued/ sold/ repurchased/ redeemed at more than one price per share, a volume-weighted average price per share should be given. 5. The closing balance date is the date of the last relevant event being disclosed. 6. For repurchase or redemption of shares, disclosure is required when the relevant event has occurred (subject to the provisions of Main Board Rules 10.06(4)(a), 13.25A and 13.31 / GEM Rules 13.13(1), 17.27A and 17.35), even if the repurchased or redeemed shares have not yet been cancelled. If repurchased or redeemed shares are to be cancelled upon settlement of such repurchase or redemption after the closing balance date, they shall remain part of the issued shares as at the closing balance date in Part A. Details of these repurchased or redeemed shares shall be disclosed in Part B. 7. Items (i) to (viii) are suggested forms of confirmation. The listed issuer may amend the item(s) that is/are not applicable to meet individual cases. 8. “Identical” means in this context: - the securities are of the same nominal value with the same amount called up or paid up; - they are entitled to dividend/interest at the same rate and for the same period, so that at the next ensuing distribution, the dividend/interest payable per unit will amount to exactly the same sum (gross and net); and - they carry the same rights as to unrestricted transfer, attendance and voting at meetings and rank pari passu in all other respects.


GRAPHIC

FF305 Page 7 of 9 v 1.3.0 Section II must also be completed by a listed issuer where it has made a repurchase of shares which is discloseable under Main Board Rule 10.06(4)(a) / GEM Rule 13.13(1). Repurchase report Section II 1. Class of shares WVR ordinary shares Type of shares A Listed on the Exchange Yes Stock code (if listed) 02423 Description A. Repurchase report Trading date Number of shares repurchased Method of repurchase (Note 1) Repurchase price per share or highest repurchase price per share $ Lowest repurchase price per share $ Aggregate price paid $ 1). 31 October 2025 1,413,678 On another stock exchange New York Stock Exchange USD 5.7 USD 5.6 USD 7,999,957 Total number of shares repurchased 1,413,678 Aggregate price paid $ USD 7,999,957 Number of shares repurchased for cancellation 1,413,678 Number of shares repurchased for holding as treasury shares 0 B. Additional information for issuer who has a primary listing on the Exchange 1). Date of the resolution granting the repurchase mandate 27 June 2025 2). Total number of shares which the issuer is authorised to repurchase under the repurchase mandate 360,216,007 3). Number of shares repurchased on the Exchange or another stock exchange under the repurchase mandate (a) 67,964,634 4). As a % of number of issued shares (excluding treasury shares) as at the date of the resolution granting the repurchase mandate (a) x 100 / number of issued shares (excluding treasury shares) as at the date of the resolution granting the repurchase mandate 1.887 % 5). Moratorium period for any issue of new shares, or sale or transfer of treasury shares after the share repurchase(s) set out in Part A (Note 2) Up to 30 November 2025


GRAPHIC

FF305 Page 8 of 9 v 1.3.0 We hereby confirm that the repurchases set out in A above which were made on another stock exchange were made in accordance with the applicable Main Board Rules and there have been no material changes to the particulars contained in the Explanatory Statement dated 17 April 2025 which has been filed with the Exchange. We also confirm that any purchases set out in A above which were made on another stock exchange were made in accordance with the applicable rules applying to purchases made on that other exchange. Notes to Section II: 1. Please state whether the repurchase was made on the Exchange, on another stock exchange (stating the name of the exchange), by private arrangement or by general offer. 2. Subject to the carve-out set out in Main Board Rule 10.06(3)(a)/ GEM Rule 13.12, an issuer may not (i) make a new issue of shares, or a sale or transfer of any treasury shares; or (ii) announce a proposed new issue of shares, or a sale or transfer of any treasury shares, for a period of 30 days after any purchase by it of shares, whether on the Exchange or otherwise, without the prior approval of the Exchange.


GRAPHIC

FF305 Page 9 of 9 v 1.3.0 Section III must also be completed by a listed issuer where it has made a sale of treasury shares on the Exchange or any other stock exchange on which the issuer is listed which is discloseable under Main Board Rule 10.06B / GEM Rule 13.14B. Report of on-market sale of treasury shares Not applicable Submitted by: Siting Li (Name) Title: Joint Company Secretary (Director, Secretary or other Duly Authorised Officer)


EX-99.2 3 tm2530650d1_ex99-2.htm EXHIBIT 99.2
Exhibit 99.2

GRAPHIC

FF305 Page 1 of 9 v 1.3.0 Next Day Disclosure Return (Equity issuer - changes in issued shares or treasury shares, share buybacks and/or on-market sales of treasury shares) Instrument: Equity issuer Status: New Submission Name of Issuer: KE Holdings Inc. Date Submitted: 04 November 2025 Section I must be completed by a listed issuer where there has been a change in its issued shares or treasury shares which is discloseable pursuant to rule 13.25A of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the “Exchange”) (the “Main Board Rules”) or rule 17.27A of the Rules Governing the Listing of Securities on GEM of the Exchange (the “GEM Rules”). Section I 1. Class of shares WVR ordinary shares Type of shares A Listed on the Exchange Yes Stock code (if listed) 02423 Description A. Changes in issued shares or treasury shares Events Changes in issued shares (excluding treasury shares) Number of issued shares (excluding treasury shares) As a % of existing number of issued shares (excluding treasury shares) before the relevant event (Note 3) Changes in treasury shares Number of treasury shares Issue/ selling price per share (Note 4) Total number of issued shares Opening balance as at (Note 1) 31 October 2025 3,403,080,518 0 3,403,080,518 1). Other (please specify) See Part B Date of changes 03 November 2025 % Closing balance as at (Notes 5 and 6) 03 November 2025 3,403,080,518 0 3,403,080,518


GRAPHIC

FF305 Page 2 of 9 v 1.3.0 B. Shares redeemed or repurchased for cancellation but not yet cancelled as at the closing balance date (Notes 5 and 6) 1). Repurchase of shares (or other securities) but not cancelled Date of changes 02 September 2025 1,146,105 % USD 6.0976 2). Repurchase of shares (or other securities) but not cancelled Date of changes 03 September 2025 1,129,902 % USD 6.1952 3). Repurchase of shares (or other securities) but not cancelled Date of changes 04 September 2025 1,132,359 % USD 6.1818 4). Repurchase of shares (or other securities) but not cancelled Date of changes 05 September 2025 1,110,219 % USD 6.304 5). Repurchase of shares (or other securities) but not cancelled Date of changes 08 September 2025 1,096,452 % USD 6.3821 6). Repurchase of shares (or other securities) but not cancelled Date of changes 09 September 2025 1,050,570 % USD 6.663 7). Repurchase of shares (or other securities) but not cancelled Date of changes 10 September 2025 1,055,388 % USD 6.6274 8). Repurchase of shares (or other securities) but not cancelled Date of changes 11 September 2025 519,324 % USD 6.6563 9). Repurchase of shares (or other securities) but not cancelled Date of changes 12 September 2025 408,906 % USD 6.6722 10). Repurchase of shares (or other securities) but not cancelled Date of changes 15 September 2025 685,164 % USD 6.5677 11). Repurchase of shares (or other securities) but not cancelled Date of changes 16 September 2025 652,602 % USD 6.63


GRAPHIC

FF305 Page 3 of 9 v 1.3.0 12). Repurchase of shares (or other securities) but not cancelled Date of changes 17 September 2025 292,908 % USD 6.828 13). Repurchase of shares (or other securities) but not cancelled Date of changes 18 September 2025 675,684 % USD 6.6599 14). Repurchase of shares (or other securities) but not cancelled Date of changes 19 September 2025 676,950 % USD 6.6463 15). Repurchase of shares (or other securities) but not cancelled Date of changes 22 September 2025 690,450 % USD 6.5175 16). Repurchase of shares (or other securities) but not cancelled Date of changes 23 September 2025 708,750 % USD 6.3492 17). Repurchase of shares (or other securities) but not cancelled Date of changes 24 September 2025 697,248 % USD 6.4539 18). Repurchase of shares (or other securities) but not cancelled Date of changes 25 September 2025 699,402 % USD 6.434 19). Repurchase of shares (or other securities) but not cancelled Date of changes 26 September 2025 693,855 % USD 6.4813 20). Repurchase of shares (or other securities) but not cancelled Date of changes 29 September 2025 297,129 % USD 6.7311 21). Repurchase of shares (or other securities) but not cancelled Date of changes 30 September 2025 1,563,114 % USD 6.3965 22). Repurchase of shares (or other securities) but not cancelled Date of changes 01 October 2025 472,449 % USD 6.3499 23). Repurchase of shares (or other securities) but not cancelled Date of changes 02 October 2025 793,566 % USD 6.3006


GRAPHIC

FF305 Page 4 of 9 v 1.3.0 24). Repurchase of shares (or other securities) but not cancelled Date of changes 03 October 2025 796,722 % USD 6.2757 25). Repurchase of shares (or other securities) but not cancelled Date of changes 06 October 2025 696,948 % USD 6.2852 26). Repurchase of shares (or other securities) but not cancelled Date of changes 07 October 2025 807,990 % USD 6.1882 27). Repurchase of shares (or other securities) but not cancelled Date of changes 08 October 2025 815,142 % USD 6.1339 28). Repurchase of shares (or other securities) but not cancelled Date of changes 09 October 2025 814,053 % USD 6.1421 29). Repurchase of shares (or other securities) but not cancelled Date of changes 10 October 2025 1,170,492 % USD 5.9804 30). Repurchase of shares (or other securities) but not cancelled Date of changes 13 October 2025 830,082 % USD 6.0235 31). Repurchase of shares (or other securities) but not cancelled Date of changes 14 October 2025 824,940 % USD 6.061 32). Repurchase of shares (or other securities) but not cancelled Date of changes 15 October 2025 814,122 % USD 6.1416 33). Repurchase of shares (or other securities) but not cancelled Date of changes 16 October 2025 821,538 % USD 6.0861 34). Repurchase of shares (or other securities) but not cancelled Date of changes 17 October 2025 821,211 % USD 6.0885 35). Repurchase of shares (or other securities) but not cancelled Date of changes 20 October 2025 810,273 % USD 6.1707


GRAPHIC

FF305 Page 5 of 9 v 1.3.0 36). Repurchase of shares (or other securities) but not cancelled Date of changes 21 October 2025 812,160 % USD 6.1564 37). Repurchase of shares (or other securities) but not cancelled Date of changes 22 October 2025 812,805 % USD 6.1515 38). Repurchase of shares (or other securities) but not cancelled Date of changes 23 October 2025 813,147 % USD 6.1489 39). Repurchase of shares (or other securities) but not cancelled Date of changes 24 October 2025 1,178,391 % USD 5.9403 40). Repurchase of shares (or other securities) but not cancelled Date of changes 27 October 2025 938,589 % USD 6.047 41). Repurchase of shares (or other securities) but not cancelled Date of changes 28 October 2025 1,175,901 % HKD 5.9528 42). Repurchase of shares (or other securities) but not cancelled Date of changes 29 October 2025 1,176,624 % HKD 5.9492 43). Repurchase of shares (or other securities) but not cancelled Date of changes 30 October 2025 1,212,795 % HKD 5.7693 44). Repurchase of shares (or other securities) but not cancelled Date of changes 31 October 2025 1,413,678 % HKD 5.659 45). Repurchase of shares (or other securities) but not cancelled Date of changes 03 November 2025 1,418,421 0.04 % HKD 5.6179 Remarks: Issued shares as a % of existing number of issued shares before relevant share issue calculated based on the Company's total number of issued shares of 3,544,031,893 shares (comprising 3,403,080,518 Class A ordinary shares and 140,951,375 Class B ordinary shares).


GRAPHIC

FF305 Page 6 of 9 v 1.3.0 Confirmation Not applicable Notes to Section I: 1. Please insert the closing balance date of the last Next Day Disclosure Return published pursuant to Main Board Rule 13.25A / GEM Rule 17.27A or Monthly Return pursuant to Main Board Rule 13.25B / GEM Rule 17.27B, whichever is the later. 2. Please set out all changes in issued shares or treasury shares requiring disclosure pursuant to Main Board Rule 13.25A / GEM Rule 17.27A together with the relevant dates of changes. Each category will need to be disclosed individually with sufficient information to enable the user to identify the relevant category in the listed issuer's Monthly Return. For example, multiple issues of shares as a result of multiple exercises of share options under the same share option scheme or of multiple conversions under the same convertible note must be aggregated and disclosed as one category. However, if the issues resulted from exercises of share options under 2 share option schemes or conversions of 2 convertible notes, these must be disclosed as 2 separate categories. 3. The percentage change in the number of issued shares (excluding treasury shares) of the listed issuer is to be calculated by reference to the opening balance of the number of issued shares (excluding treasury shares) being disclosed in this Next Day Disclosure Return. 4. In the case of a share repurchase or redemption, the “issue/ selling price per share” shall be construed as “repurchase price per share” or “redemption price per share”. Where shares have been issued/ sold/ repurchased/ redeemed at more than one price per share, a volume-weighted average price per share should be given. 5. The closing balance date is the date of the last relevant event being disclosed. 6. For repurchase or redemption of shares, disclosure is required when the relevant event has occurred (subject to the provisions of Main Board Rules 10.06(4)(a), 13.25A and 13.31 / GEM Rules 13.13(1), 17.27A and 17.35), even if the repurchased or redeemed shares have not yet been cancelled. If repurchased or redeemed shares are to be cancelled upon settlement of such repurchase or redemption after the closing balance date, they shall remain part of the issued shares as at the closing balance date in Part A. Details of these repurchased or redeemed shares shall be disclosed in Part B. 7. Items (i) to (viii) are suggested forms of confirmation. The listed issuer may amend the item(s) that is/are not applicable to meet individual cases. 8. “Identical” means in this context: - the securities are of the same nominal value with the same amount called up or paid up; - they are entitled to dividend/interest at the same rate and for the same period, so that at the next ensuing distribution, the dividend/interest payable per unit will amount to exactly the same sum (gross and net); and - they carry the same rights as to unrestricted transfer, attendance and voting at meetings and rank pari passu in all other respects.


GRAPHIC

FF305 Page 7 of 9 v 1.3.0 Section II must also be completed by a listed issuer where it has made a repurchase of shares which is discloseable under Main Board Rule 10.06(4)(a) / GEM Rule 13.13(1). Repurchase report Section II 1. Class of shares WVR ordinary shares Type of shares A Listed on the Exchange Yes Stock code (if listed) 02423 Description A. Repurchase report Trading date Number of shares repurchased Method of repurchase (Note 1) Repurchase price per share or highest repurchase price per share $ Lowest repurchase price per share $ Aggregate price paid $ 1). 03 November 2025 1,418,421 On another stock exchange New York Stock Exchange USD 5.7 USD 5.56 USD 7,968,500 Total number of shares repurchased 1,418,421 Aggregate price paid $ USD 7,968,500 Number of shares repurchased for cancellation 1,418,421 Number of shares repurchased for holding as treasury shares 0 B. Additional information for issuer who has a primary listing on the Exchange 1). Date of the resolution granting the repurchase mandate 27 June 2025 2). Total number of shares which the issuer is authorised to repurchase under the repurchase mandate 360,216,007 3). Number of shares repurchased on the Exchange or another stock exchange under the repurchase mandate (a) 69,383,055 4). As a % of number of issued shares (excluding treasury shares) as at the date of the resolution granting the repurchase mandate (a) x 100 / number of issued shares (excluding treasury shares) as at the date of the resolution granting the repurchase mandate 1.926 % 5). Moratorium period for any issue of new shares, or sale or transfer of treasury shares after the share repurchase(s) set out in Part A (Note 2) Up to 03 December 2025


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FF305 Page 8 of 9 v 1.3.0 We hereby confirm that the repurchases set out in A above which were made on another stock exchange were made in accordance with the applicable Main Board Rules and there have been no material changes to the particulars contained in the Explanatory Statement dated 17 April 2025 which has been filed with the Exchange. We also confirm that any purchases set out in A above which were made on another stock exchange were made in accordance with the applicable rules applying to purchases made on that other exchange. Notes to Section II: 1. Please state whether the repurchase was made on the Exchange, on another stock exchange (stating the name of the exchange), by private arrangement or by general offer. 2. Subject to the carve-out set out in Main Board Rule 10.06(3)(a)/ GEM Rule 13.12, an issuer may not (i) make a new issue of shares, or a sale or transfer of any treasury shares; or (ii) announce a proposed new issue of shares, or a sale or transfer of any treasury shares, for a period of 30 days after any purchase by it of shares, whether on the Exchange or otherwise, without the prior approval of the Exchange.


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FF305 Page 9 of 9 v 1.3.0 Section III must also be completed by a listed issuer where it has made a sale of treasury shares on the Exchange or any other stock exchange on which the issuer is listed which is discloseable under Main Board Rule 10.06B / GEM Rule 13.14B. Report of on-market sale of treasury shares Not applicable Submitted by: Siting Li (Name) Title: Joint Company Secretary (Director, Secretary or other Duly Authorised Officer)


EX-99.3 4 tm2530650d1_ex99-3.htm EXHIBIT 99.3
Exhibit 99.3

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FF305 Page 1 of 9 v 1.3.0 Next Day Disclosure Return (Equity issuer - changes in issued shares or treasury shares, share buybacks and/or on-market sales of treasury shares) Instrument: Equity issuer Status: New Submission Name of Issuer: KE Holdings Inc. Date Submitted: 05 November 2025 Section I must be completed by a listed issuer where there has been a change in its issued shares or treasury shares which is discloseable pursuant to rule 13.25A of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the “Exchange”) (the “Main Board Rules”) or rule 17.27A of the Rules Governing the Listing of Securities on GEM of the Exchange (the “GEM Rules”). Section I 1. Class of shares WVR ordinary shares Type of shares A Listed on the Exchange Yes Stock code (if listed) 02423 Description A. Changes in issued shares or treasury shares Events Changes in issued shares (excluding treasury shares) Number of issued shares (excluding treasury shares) As a % of existing number of issued shares (excluding treasury shares) before the relevant event (Note 3) Changes in treasury shares Number of treasury shares Issue/ selling price per share (Note 4) Total number of issued shares Opening balance as at (Note 1) 03 November 2025 3,403,080,518 0 3,403,080,518 1). Other (please specify) See Part B Date of changes 04 November 2025 % Closing balance as at (Notes 5 and 6) 04 November 2025 3,403,080,518 0 3,403,080,518


GRAPHIC

FF305 Page 2 of 9 v 1.3.0 B. Shares redeemed or repurchased for cancellation but not yet cancelled as at the closing balance date (Notes 5 and 6) 1). Repurchase of shares (or other securities) but not cancelled Date of changes 02 September 2025 1,146,105 % USD 6.0976 2). Repurchase of shares (or other securities) but not cancelled Date of changes 03 September 2025 1,129,902 % USD 6.1952 3). Repurchase of shares (or other securities) but not cancelled Date of changes 04 September 2025 1,132,359 % USD 6.1818 4). Repurchase of shares (or other securities) but not cancelled Date of changes 05 September 2025 1,110,219 % USD 6.304 5). Repurchase of shares (or other securities) but not cancelled Date of changes 08 September 2025 1,096,452 % USD 6.3821 6). Repurchase of shares (or other securities) but not cancelled Date of changes 09 September 2025 1,050,570 % USD 6.663 7). Repurchase of shares (or other securities) but not cancelled Date of changes 10 September 2025 1,055,388 % USD 6.6274 8). Repurchase of shares (or other securities) but not cancelled Date of changes 11 September 2025 519,324 % USD 6.6563 9). Repurchase of shares (or other securities) but not cancelled Date of changes 12 September 2025 408,906 % USD 6.6722 10). Repurchase of shares (or other securities) but not cancelled Date of changes 15 September 2025 685,164 % USD 6.5677 11). Repurchase of shares (or other securities) but not cancelled Date of changes 16 September 2025 652,602 % USD 6.63


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FF305 Page 3 of 9 v 1.3.0 12). Repurchase of shares (or other securities) but not cancelled Date of changes 17 September 2025 292,908 % USD 6.828 13). Repurchase of shares (or other securities) but not cancelled Date of changes 18 September 2025 675,684 % USD 6.6599 14). Repurchase of shares (or other securities) but not cancelled Date of changes 19 September 2025 676,950 % USD 6.6463 15). Repurchase of shares (or other securities) but not cancelled Date of changes 22 September 2025 690,450 % USD 6.5175 16). Repurchase of shares (or other securities) but not cancelled Date of changes 23 September 2025 708,750 % USD 6.3492 17). Repurchase of shares (or other securities) but not cancelled Date of changes 24 September 2025 697,248 % USD 6.4539 18). Repurchase of shares (or other securities) but not cancelled Date of changes 25 September 2025 699,402 % USD 6.434 19). Repurchase of shares (or other securities) but not cancelled Date of changes 26 September 2025 693,855 % USD 6.4813 20). Repurchase of shares (or other securities) but not cancelled Date of changes 29 September 2025 297,129 % USD 6.7311 21). Repurchase of shares (or other securities) but not cancelled Date of changes 30 September 2025 1,563,114 % USD 6.3965 22). Repurchase of shares (or other securities) but not cancelled Date of changes 01 October 2025 472,449 % USD 6.3499 23). Repurchase of shares (or other securities) but not cancelled Date of changes 02 October 2025 793,566 % USD 6.3006


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FF305 Page 4 of 9 v 1.3.0 24). Repurchase of shares (or other securities) but not cancelled Date of changes 03 October 2025 796,722 % USD 6.2757 25). Repurchase of shares (or other securities) but not cancelled Date of changes 06 October 2025 696,948 % USD 6.2852 26). Repurchase of shares (or other securities) but not cancelled Date of changes 07 October 2025 807,990 % USD 6.1882 27). Repurchase of shares (or other securities) but not cancelled Date of changes 08 October 2025 815,142 % USD 6.1339 28). Repurchase of shares (or other securities) but not cancelled Date of changes 09 October 2025 814,053 % USD 6.1421 29). Repurchase of shares (or other securities) but not cancelled Date of changes 10 October 2025 1,170,492 % USD 5.9804 30). Repurchase of shares (or other securities) but not cancelled Date of changes 13 October 2025 830,082 % USD 6.0235 31). Repurchase of shares (or other securities) but not cancelled Date of changes 14 October 2025 824,940 % USD 6.061 32). Repurchase of shares (or other securities) but not cancelled Date of changes 15 October 2025 814,122 % USD 6.1416 33). Repurchase of shares (or other securities) but not cancelled Date of changes 16 October 2025 821,538 % USD 6.0861 34). Repurchase of shares (or other securities) but not cancelled Date of changes 17 October 2025 821,211 % USD 6.0885 35). Repurchase of shares (or other securities) but not cancelled Date of changes 20 October 2025 810,273 % USD 6.1707


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FF305 Page 5 of 9 v 1.3.0 36). Repurchase of shares (or other securities) but not cancelled Date of changes 21 October 2025 812,160 % USD 6.1564 37). Repurchase of shares (or other securities) but not cancelled Date of changes 22 October 2025 812,805 % USD 6.1515 38). Repurchase of shares (or other securities) but not cancelled Date of changes 23 October 2025 813,147 % USD 6.1489 39). Repurchase of shares (or other securities) but not cancelled Date of changes 24 October 2025 1,178,391 % USD 5.9403 40). Repurchase of shares (or other securities) but not cancelled Date of changes 27 October 2025 938,589 % USD 6.047 41). Repurchase of shares (or other securities) but not cancelled Date of changes 28 October 2025 1,175,901 % HKD 5.9528 42). Repurchase of shares (or other securities) but not cancelled Date of changes 29 October 2025 1,176,624 % HKD 5.9492 43). Repurchase of shares (or other securities) but not cancelled Date of changes 30 October 2025 1,212,795 % HKD 5.7693 44). Repurchase of shares (or other securities) but not cancelled Date of changes 31 October 2025 1,413,678 % HKD 5.659 45). Repurchase of shares (or other securities) but not cancelled Date of changes 03 November 2025 1,418,421 % HKD 5.6179 46). Repurchase of shares (or other securities) but not cancelled Date of changes 04 November 2025 1,476,174 0.042 % HKD 5.4194 Remarks: Issued shares as a % of existing number of issued shares before relevant share issue calculated based on the Company's total number of issued shares of 3,544,031,893 shares (comprising 3,403,080,518 Class A ordinary shares and 140,951,375 Class B ordinary shares).


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FF305 Page 6 of 9 v 1.3.0 Confirmation Not applicable Notes to Section I: 1. Please insert the closing balance date of the last Next Day Disclosure Return published pursuant to Main Board Rule 13.25A / GEM Rule 17.27A or Monthly Return pursuant to Main Board Rule 13.25B / GEM Rule 17.27B, whichever is the later. 2. Please set out all changes in issued shares or treasury shares requiring disclosure pursuant to Main Board Rule 13.25A / GEM Rule 17.27A together with the relevant dates of changes. Each category will need to be disclosed individually with sufficient information to enable the user to identify the relevant category in the listed issuer's Monthly Return. For example, multiple issues of shares as a result of multiple exercises of share options under the same share option scheme or of multiple conversions under the same convertible note must be aggregated and disclosed as one category. However, if the issues resulted from exercises of share options under 2 share option schemes or conversions of 2 convertible notes, these must be disclosed as 2 separate categories. 3. The percentage change in the number of issued shares (excluding treasury shares) of the listed issuer is to be calculated by reference to the opening balance of the number of issued shares (excluding treasury shares) being disclosed in this Next Day Disclosure Return. 4. In the case of a share repurchase or redemption, the “issue/ selling price per share” shall be construed as “repurchase price per share” or “redemption price per share”. Where shares have been issued/ sold/ repurchased/ redeemed at more than one price per share, a volume-weighted average price per share should be given. 5. The closing balance date is the date of the last relevant event being disclosed. 6. For repurchase or redemption of shares, disclosure is required when the relevant event has occurred (subject to the provisions of Main Board Rules 10.06(4)(a), 13.25A and 13.31 / GEM Rules 13.13(1), 17.27A and 17.35), even if the repurchased or redeemed shares have not yet been cancelled. If repurchased or redeemed shares are to be cancelled upon settlement of such repurchase or redemption after the closing balance date, they shall remain part of the issued shares as at the closing balance date in Part A. Details of these repurchased or redeemed shares shall be disclosed in Part B. 7. Items (i) to (viii) are suggested forms of confirmation. The listed issuer may amend the item(s) that is/are not applicable to meet individual cases. 8. “Identical” means in this context: - the securities are of the same nominal value with the same amount called up or paid up; - they are entitled to dividend/interest at the same rate and for the same period, so that at the next ensuing distribution, the dividend/interest payable per unit will amount to exactly the same sum (gross and net); and - they carry the same rights as to unrestricted transfer, attendance and voting at meetings and rank pari passu in all other respects.


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FF305 Page 7 of 9 v 1.3.0 Section II must also be completed by a listed issuer where it has made a repurchase of shares which is discloseable under Main Board Rule 10.06(4)(a) / GEM Rule 13.13(1). Repurchase report Section II 1. Class of shares WVR ordinary shares Type of shares A Listed on the Exchange Yes Stock code (if listed) 02423 Description A. Repurchase report Trading date Number of shares repurchased Method of repurchase (Note 1) Repurchase price per share or highest repurchase price per share $ Lowest repurchase price per share $ Aggregate price paid $ 1). 04 November 2025 1,476,174 On another stock exchange New York Stock Exchange USD 5.5 USD 5.32 USD 7,999,977 Total number of shares repurchased 1,476,174 Aggregate price paid $ USD 7,999,977 Number of shares repurchased for cancellation 1,476,174 Number of shares repurchased for holding as treasury shares 0 B. Additional information for issuer who has a primary listing on the Exchange 1). Date of the resolution granting the repurchase mandate 27 June 2025 2). Total number of shares which the issuer is authorised to repurchase under the repurchase mandate 360,216,007 3). Number of shares repurchased on the Exchange or another stock exchange under the repurchase mandate (a) 70,859,229 4). As a % of number of issued shares (excluding treasury shares) as at the date of the resolution granting the repurchase mandate (a) x 100 / number of issued shares (excluding treasury shares) as at the date of the resolution granting the repurchase mandate 1.967 % 5). Moratorium period for any issue of new shares, or sale or transfer of treasury shares after the share repurchase(s) set out in Part A (Note 2) Up to 04 December 2025


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FF305 Page 8 of 9 v 1.3.0 We hereby confirm that the repurchases set out in A above which were made on another stock exchange were made in accordance with the applicable Main Board Rules and there have been no material changes to the particulars contained in the Explanatory Statement dated 17 April 2025 which has been filed with the Exchange. We also confirm that any purchases set out in A above which were made on another stock exchange were made in accordance with the applicable rules applying to purchases made on that other exchange. Notes to Section II: 1. Please state whether the repurchase was made on the Exchange, on another stock exchange (stating the name of the exchange), by private arrangement or by general offer. 2. Subject to the carve-out set out in Main Board Rule 10.06(3)(a)/ GEM Rule 13.12, an issuer may not (i) make a new issue of shares, or a sale or transfer of any treasury shares; or (ii) announce a proposed new issue of shares, or a sale or transfer of any treasury shares, for a period of 30 days after any purchase by it of shares, whether on the Exchange or otherwise, without the prior approval of the Exchange.


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FF305 Page 9 of 9 v 1.3.0 Section III must also be completed by a listed issuer where it has made a sale of treasury shares on the Exchange or any other stock exchange on which the issuer is listed which is discloseable under Main Board Rule 10.06B / GEM Rule 13.14B. Report of on-market sale of treasury shares Not applicable Submitted by: Siting Li (Name) Title: Joint Company Secretary (Director, Secretary or other Duly Authorised Officer)


EX-99.4 5 tm2530650d1_ex99-4.htm EXHIBIT 99.4
Exhibit 99.4

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FF305 Page 1 of 10 v 1.3.0 Next Day Disclosure Return (Equity issuer - changes in issued shares or treasury shares, share buybacks and/or on-market sales of treasury shares) Instrument: Equity issuer Status: New Submission Name of Issuer: KE Holdings Inc. Date Submitted: 06 November 2025 Section I must be completed by a listed issuer where there has been a change in its issued shares or treasury shares which is discloseable pursuant to rule 13.25A of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the “Exchange”) (the “Main Board Rules”) or rule 17.27A of the Rules Governing the Listing of Securities on GEM of the Exchange (the “GEM Rules”). Section I 1. Class of shares WVR ordinary shares Type of shares A Listed on the Exchange Yes Stock code (if listed) 02423 Description A. Changes in issued shares or treasury shares Events Changes in issued shares (excluding treasury shares) Number of issued shares (excluding treasury shares) As a % of existing number of issued shares (excluding treasury shares) before the relevant event (Note 3) Changes in treasury shares Number of treasury shares Issue/ selling price per share (Note 4) Total number of issued shares Opening balance as at (Note 1) 04 November 2025 3,403,080,518 0 3,403,080,518 1). Other (please specify) See Part B Date of changes 05 November 2025 % Closing balance as at (Notes 5 and 6) 05 November 2025 3,403,080,518 0 3,403,080,518


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FF305 Page 2 of 10 v 1.3.0 B. Shares redeemed or repurchased for cancellation but not yet cancelled as at the closing balance date (Notes 5 and 6) 1). Repurchase of shares (or other securities) but not cancelled Date of changes 02 September 2025 1,146,105 % USD 6.0976 2). Repurchase of shares (or other securities) but not cancelled Date of changes 03 September 2025 1,129,902 % USD 6.1952 3). Repurchase of shares (or other securities) but not cancelled Date of changes 04 September 2025 1,132,359 % USD 6.1818 4). Repurchase of shares (or other securities) but not cancelled Date of changes 05 September 2025 1,110,219 % USD 6.304 5). Repurchase of shares (or other securities) but not cancelled Date of changes 08 September 2025 1,096,452 % USD 6.3821 6). Repurchase of shares (or other securities) but not cancelled Date of changes 09 September 2025 1,050,570 % USD 6.663 7). Repurchase of shares (or other securities) but not cancelled Date of changes 10 September 2025 1,055,388 % USD 6.6274 8). Repurchase of shares (or other securities) but not cancelled Date of changes 11 September 2025 519,324 % USD 6.6563 9). Repurchase of shares (or other securities) but not cancelled Date of changes 12 September 2025 408,906 % USD 6.6722 10). Repurchase of shares (or other securities) but not cancelled Date of changes 15 September 2025 685,164 % USD 6.5677 11). Repurchase of shares (or other securities) but not cancelled Date of changes 16 September 2025 652,602 % USD 6.63


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FF305 Page 3 of 10 v 1.3.0 12). Repurchase of shares (or other securities) but not cancelled Date of changes 17 September 2025 292,908 % USD 6.828 13). Repurchase of shares (or other securities) but not cancelled Date of changes 18 September 2025 675,684 % USD 6.6599 14). Repurchase of shares (or other securities) but not cancelled Date of changes 19 September 2025 676,950 % USD 6.6463 15). Repurchase of shares (or other securities) but not cancelled Date of changes 22 September 2025 690,450 % USD 6.5175 16). Repurchase of shares (or other securities) but not cancelled Date of changes 23 September 2025 708,750 % USD 6.3492 17). Repurchase of shares (or other securities) but not cancelled Date of changes 24 September 2025 697,248 % USD 6.4539 18). Repurchase of shares (or other securities) but not cancelled Date of changes 25 September 2025 699,402 % USD 6.434 19). Repurchase of shares (or other securities) but not cancelled Date of changes 26 September 2025 693,855 % USD 6.4813 20). Repurchase of shares (or other securities) but not cancelled Date of changes 29 September 2025 297,129 % USD 6.7311 21). Repurchase of shares (or other securities) but not cancelled Date of changes 30 September 2025 1,563,114 % USD 6.3965 22). Repurchase of shares (or other securities) but not cancelled Date of changes 01 October 2025 472,449 % USD 6.3499 23). Repurchase of shares (or other securities) but not cancelled Date of changes 02 October 2025 793,566 % USD 6.3006


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FF305 Page 4 of 10 v 1.3.0 24). Repurchase of shares (or other securities) but not cancelled Date of changes 03 October 2025 796,722 % USD 6.2757 25). Repurchase of shares (or other securities) but not cancelled Date of changes 06 October 2025 696,948 % USD 6.2852 26). Repurchase of shares (or other securities) but not cancelled Date of changes 07 October 2025 807,990 % USD 6.1882 27). Repurchase of shares (or other securities) but not cancelled Date of changes 08 October 2025 815,142 % USD 6.1339 28). Repurchase of shares (or other securities) but not cancelled Date of changes 09 October 2025 814,053 % USD 6.1421 29). Repurchase of shares (or other securities) but not cancelled Date of changes 10 October 2025 1,170,492 % USD 5.9804 30). Repurchase of shares (or other securities) but not cancelled Date of changes 13 October 2025 830,082 % USD 6.0235 31). Repurchase of shares (or other securities) but not cancelled Date of changes 14 October 2025 824,940 % USD 6.061 32). Repurchase of shares (or other securities) but not cancelled Date of changes 15 October 2025 814,122 % USD 6.1416 33). Repurchase of shares (or other securities) but not cancelled Date of changes 16 October 2025 821,538 % USD 6.0861 34). Repurchase of shares (or other securities) but not cancelled Date of changes 17 October 2025 821,211 % USD 6.0885 35). Repurchase of shares (or other securities) but not cancelled Date of changes 20 October 2025 810,273 % USD 6.1707


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FF305 Page 5 of 10 v 1.3.0 36). Repurchase of shares (or other securities) but not cancelled Date of changes 21 October 2025 812,160 % USD 6.1564 37). Repurchase of shares (or other securities) but not cancelled Date of changes 22 October 2025 812,805 % USD 6.1515 38). Repurchase of shares (or other securities) but not cancelled Date of changes 23 October 2025 813,147 % USD 6.1489 39). Repurchase of shares (or other securities) but not cancelled Date of changes 24 October 2025 1,178,391 % USD 5.9403 40). Repurchase of shares (or other securities) but not cancelled Date of changes 27 October 2025 938,589 % USD 6.047 41). Repurchase of shares (or other securities) but not cancelled Date of changes 28 October 2025 1,175,901 % HKD 5.9528 42). Repurchase of shares (or other securities) but not cancelled Date of changes 29 October 2025 1,176,624 % HKD 5.9492 43). Repurchase of shares (or other securities) but not cancelled Date of changes 30 October 2025 1,212,795 % HKD 5.7693 44). Repurchase of shares (or other securities) but not cancelled Date of changes 31 October 2025 1,413,678 % HKD 5.659 45). Repurchase of shares (or other securities) but not cancelled Date of changes 03 November 2025 1,418,421 % HKD 5.6179 46). Repurchase of shares (or other securities) but not cancelled Date of changes 04 November 2025 1,476,174 % HKD 5.4194 47). Repurchase of shares (or other securities) but not cancelled Date of changes 05 November 2025 1,489,263 0.042 % HKD 5.3576


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FF305 Page 6 of 10 v 1.3.0 Remarks: Issued shares as a % of existing number of issued shares before relevant share issue calculated based on the Company's total number of issued shares of 3,544,031,893 shares (comprising 3,403,080,518 Class A ordinary shares and 140,951,375 Class B ordinary shares).


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FF305 Page 7 of 10 v 1.3.0 Confirmation Not applicable Notes to Section I: 1. Please insert the closing balance date of the last Next Day Disclosure Return published pursuant to Main Board Rule 13.25A / GEM Rule 17.27A or Monthly Return pursuant to Main Board Rule 13.25B / GEM Rule 17.27B, whichever is the later. 2. Please set out all changes in issued shares or treasury shares requiring disclosure pursuant to Main Board Rule 13.25A / GEM Rule 17.27A together with the relevant dates of changes. Each category will need to be disclosed individually with sufficient information to enable the user to identify the relevant category in the listed issuer's Monthly Return. For example, multiple issues of shares as a result of multiple exercises of share options under the same share option scheme or of multiple conversions under the same convertible note must be aggregated and disclosed as one category. However, if the issues resulted from exercises of share options under 2 share option schemes or conversions of 2 convertible notes, these must be disclosed as 2 separate categories. 3. The percentage change in the number of issued shares (excluding treasury shares) of the listed issuer is to be calculated by reference to the opening balance of the number of issued shares (excluding treasury shares) being disclosed in this Next Day Disclosure Return. 4. In the case of a share repurchase or redemption, the “issue/ selling price per share” shall be construed as “repurchase price per share” or “redemption price per share”. Where shares have been issued/ sold/ repurchased/ redeemed at more than one price per share, a volume-weighted average price per share should be given. 5. The closing balance date is the date of the last relevant event being disclosed. 6. For repurchase or redemption of shares, disclosure is required when the relevant event has occurred (subject to the provisions of Main Board Rules 10.06(4)(a), 13.25A and 13.31 / GEM Rules 13.13(1), 17.27A and 17.35), even if the repurchased or redeemed shares have not yet been cancelled. If repurchased or redeemed shares are to be cancelled upon settlement of such repurchase or redemption after the closing balance date, they shall remain part of the issued shares as at the closing balance date in Part A. Details of these repurchased or redeemed shares shall be disclosed in Part B. 7. Items (i) to (viii) are suggested forms of confirmation. The listed issuer may amend the item(s) that is/are not applicable to meet individual cases. 8. “Identical” means in this context: - the securities are of the same nominal value with the same amount called up or paid up; - they are entitled to dividend/interest at the same rate and for the same period, so that at the next ensuing distribution, the dividend/interest payable per unit will amount to exactly the same sum (gross and net); and - they carry the same rights as to unrestricted transfer, attendance and voting at meetings and rank pari passu in all other respects.


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FF305 Page 8 of 10 v 1.3.0 Section II must also be completed by a listed issuer where it has made a repurchase of shares which is discloseable under Main Board Rule 10.06(4)(a) / GEM Rule 13.13(1). Repurchase report Section II 1. Class of shares WVR ordinary shares Type of shares A Listed on the Exchange Yes Stock code (if listed) 02423 Description A. Repurchase report Trading date Number of shares repurchased Method of repurchase (Note 1) Repurchase price per share or highest repurchase price per share $ Lowest repurchase price per share $ Aggregate price paid $ 1). 05 November 2025 1,489,263 On another stock exchange New York Stock Exchange USD 5.43 USD 5.3 USD 7,978,826 Total number of shares repurchased 1,489,263 Aggregate price paid $ USD 7,978,826 Number of shares repurchased for cancellation 1,489,263 Number of shares repurchased for holding as treasury shares 0 B. Additional information for issuer who has a primary listing on the Exchange 1). Date of the resolution granting the repurchase mandate 27 June 2025 2). Total number of shares which the issuer is authorised to repurchase under the repurchase mandate 360,216,007 3). Number of shares repurchased on the Exchange or another stock exchange under the repurchase mandate (a) 72,348,492 4). As a % of number of issued shares (excluding treasury shares) as at the date of the resolution granting the repurchase mandate (a) x 100 / number of issued shares (excluding treasury shares) as at the date of the resolution granting the repurchase mandate 2.008 % 5). Moratorium period for any issue of new shares, or sale or transfer of treasury shares after the share repurchase(s) set out in Part A (Note 2) Up to 05 December 2025


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FF305 Page 9 of 10 v 1.3.0 We hereby confirm that the repurchases set out in A above which were made on another stock exchange were made in accordance with the applicable Main Board Rules and there have been no material changes to the particulars contained in the Explanatory Statement dated 17 April 2025 which has been filed with the Exchange. We also confirm that any purchases set out in A above which were made on another stock exchange were made in accordance with the applicable rules applying to purchases made on that other exchange. Notes to Section II: 1. Please state whether the repurchase was made on the Exchange, on another stock exchange (stating the name of the exchange), by private arrangement or by general offer. 2. Subject to the carve-out set out in Main Board Rule 10.06(3)(a)/ GEM Rule 13.12, an issuer may not (i) make a new issue of shares, or a sale or transfer of any treasury shares; or (ii) announce a proposed new issue of shares, or a sale or transfer of any treasury shares, for a period of 30 days after any purchase by it of shares, whether on the Exchange or otherwise, without the prior approval of the Exchange.


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FF305 Page 10 of 10 v 1.3.0 Section III must also be completed by a listed issuer where it has made a sale of treasury shares on the Exchange or any other stock exchange on which the issuer is listed which is discloseable under Main Board Rule 10.06B / GEM Rule 13.14B. Report of on-market sale of treasury shares Not applicable Submitted by: Siting Li (Name) Title: Joint Company Secretary (Director, Secretary or other Duly Authorised Officer)


EX-99.5 6 tm2530650d1_ex99-5.htm EXHIBIT 99.5
Exhibit 99.5

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FF301 Page 1 of 10 v 1.1.1 Monthly Return for Equity Issuer and Hong Kong Depositary Receipts listed under Chapter 19B of the Exchange Listing Rules on Movements in Securities For the month ended: 31 October 2025 Status: New Submission To : Hong Kong Exchanges and Clearing Limited Name of Issuer: KE Holdings Inc. Date Submitted: 06 November 2025 I. Movements in Authorised / Registered Share Capital 1. Class of shares WVR ordinary shares Type of shares A Listed on the Exchange (Note 1) Yes Stock code (if listed) 02423 Description Number of authorised/registered shares Par value Authorised/registered share capital Balance at close of preceding month 24,114,698,720 USD 0.00002 USD 482,293.97 Increase / decrease (-) USD Balance at close of the month 24,114,698,720 USD 0.00002 USD 482,293.97 2. Class of shares WVR ordinary shares Type of shares B Listed on the Exchange (Note 1) No Stock code (if listed) 02423 Description Number of authorised/registered shares Par value Authorised/registered share capital Balance at close of preceding month 885,301,280 USD 0.00002 USD 17,706.03 Increase / decrease (-) USD Balance at close of the month 885,301,280 USD 0.00002 USD 17,706.03 Total authorised/registered share capital at the end of the month: USD 500,000


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FF301 Page 2 of 10 v 1.1.1 II. Movements in Issued Shares and/or Treasury Shares 1. Class of shares WVR ordinary shares Type of shares A Listed on the Exchange (Note 1) Yes Stock code (if listed) 02423 Description Number of issued shares (excluding treasury shares) Number of treasury shares Total number of issued shares Balance at close of preceding month 3,403,080,518 0 3,403,080,518 Increase / decrease (-) 0 0 Balance at close of the month 3,403,080,518 0 3,403,080,518 2. Class of shares WVR ordinary shares Type of shares B Listed on the Exchange (Note 1) No Stock code (if listed) 02423 Description Number of issued shares (excluding treasury shares) Number of treasury shares Total number of issued shares Balance at close of preceding month 140,951,375 0 140,951,375 Increase / decrease (-) 0 0 Balance at close of the month 140,951,375 0 140,951,375 Remarks: Opening and closing balances of Class A ordinary shares shown above are including 113,582,424 and 112,499,730 Class A ordinary shares which are registered in the name of our depositary bank for future issuance of ADSs upon the exercise or vesting of awards granted under the Share Incentive Plans respectively.


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FF301 Page 3 of 10 v 1.1.1 III. Details of Movements in Issued Shares and/or Treasury Shares (A). Share Options (under Share Option Schemes of the Issuer) 1. Class of shares WVR ordinary shares Type of shares A Listed on the Exchange (Note 1) Yes Stock code (if listed) 02423 Description Particulars of share option scheme Number of share options outstanding at close of preceding month Movement during the month Number of share options outstanding at close of the month Number of new shares issued during the month pursuant thereto (A1) Number of treasury shares transferred out of treasury during the month pursuant thereto (A2) Number of shares which may be issued or transferred out of treasury pursuant thereto as at close of the month The total number of shares which may be issued or transferred out of treasury upon exercise of all share options to be granted under the scheme at close of the month 1). 2018 Share Option Plan (adopted in August 2018 as amended from time to time) 11,216,730 Lapsed -3,654 Others -1,281 11,211,795 11,211,795 0 General Meeting approval date (if applicable) 2). 2020 Share Incentive Plan (adopted in July 2020 and amended in April 2022, as amended from time to time) 0 0 0 155,033,213 General Meeting approval date (if applicable) Increase in issued shares (excluding treasury shares): WVR ordinary shares A (AA1) Decrease in treasury shares: WVR ordinary shares A (AA2) Total funds raised during the month from exercise of options: USD 0.03 Remarks: 1) Others: -1,281 refers to 1,281 options being exercised. The exercise of 1,281 options was settled using the Class A ordinary shares registered in the name of our depositary bank for future issuance of ADSs upon the exercise or vesting of awards granted under the Share Incentive Plans.


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FF301 Page 4 of 10 v 1.1.1 (B). Warrants to Issue Shares of the Issuer Not applicable


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FF301 Page 5 of 10 v 1.1.1 (C). Convertibles (i.e. Convertible into Shares of the Issuer) Not applicable


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FF301 Page 6 of 10 v 1.1.1 (D). Any other Agreements or Arrangements to Issue Shares of the Issuer, including Options (other than Share Option Schemes) 1. Class of shares WVR ordinary shares Type of shares A Listed on the Exchange (Note 1) Yes Stock code (if listed) 02423 Description Description of other agreements or arrangements General Meeting approval date (if applicable) Number of new shares issued during the month pursuant thereto (D1) Number of treasury shares transferred out of treasury during the month pursuant thereto (D2) Number of shares which may be issued or transferred out of treasury pursuant thereto as at close of the month 1). 2020 Share Incentive Plan - Restricted Share Units (adopted in July 2020 and amended in April 2022, as amended from time to time) 0 0 78,358,998 2). 2020 Share Incentive Plan - Restricted Shares (adopted in July 2020 and amended in April 2022, as amended from time to time) 0 0 0 Increase in issued shares (excluding treasury shares): 0 WVR ordinary shares A (DD1) Decrease in treasury shares: 0 WVR ordinary shares A (DD2) Remarks: As of October 31, 2025, 78,358,998 shares of the issuer may be issued pursuant to the restricted share units granted under 2020 Share Incentive Plan. 320,694 restricted share units were granted under 2020 Share Incentive Plan during the month. 1,081,413 restricted share units granted under 2020 Share Incentive Plan have vested during the month. 295,383 restricted share units granted under 2020 Share Incentive Plan were lapsed during the month.


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FF301 Page 7 of 10 v 1.1.1 (E). Other Movements in Issued Shares and/or Treasury Shares 1. Class of shares WVR ordinary shares Type of shares A Listed on the Exchange (Note 1) Yes Stock code (if listed) 02423 Description Events At price (if applicable) Currency Amount Date of event (Note 2) General Meeting approval date (if applicable) Increase/ decrease (-) in issued shares (excluding treasury shares) during the month pursuant thereto (E1) Increase/ decrease (-) in treasury shares during the month pursuant thereto (E2) Number of shares redeemed or repurchased for cancellation but not yet cancelled as at close of the month (Note 3) 1). Repurchase of shares (shares repurchased for cancellation but not yet cancelled) 27 June 2025 -37,806,099 Increase/ decrease (-) in issued shares (excluding treasury shares): WVR ordinary shares A (EE1) Increase/ decrease (-) in treasury shares: WVR ordinary shares A (EE2) Remarks: Class A: 1) Repurchases of a total of 37,806,099 Class A ordinary shares represented by ADSs were made on September 2 to 5, 8 to 12, 15 to 19, 22 to 26 and 29 to 30, 2025 and October 1 to 3, 6 to 10, 13 to 17, 20 to 24 and 27 to 31, 2025 on New York Stock Exchange, but such shares are not yet cancelled as at October 31, 2025. Total increase/ decrease (-) in issued shares (excluding treasury shares) during the month (i.e. Total of AA1 to EE1): 0 WVR ordinary shares A Total increase/ decrease (-) in treasury shares during the month (i.e. Total of AA2 to EE2): 0 WVR ordinary shares A


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FF301 Page 8 of 10 v 1.1.1 IV. Information about Hong Kong Depositary Receipt (HDR) Not applicable


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FF301 Page 9 of 10 v 1.1.1 V. Confirmations Pursuant to Main Board Rule 13.25C / GEM Rule 17.27C, we hereby confirm to the best knowledge, information and belief that, in relation to each of the securities issued, or the treasury shares sold or transferred by the issuer during the month as set out in Parts III and IV which has not been previously disclosed in a return published under Main Board Rule 13.25A / GEM Rule 17.27A, it has been duly authorised by the board of directors of the listed issuer and carried out in compliance with all applicable listing rules, laws and other regulatory requirements and, insofar as applicable: (Note 4) (i) all money due to the listed issuer in respect of the issue of securities, or sale or transfer of treasury shares has been received by it; (ii) all pre-conditions for listing imposed by the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited under "Qualifications of listing" have been fulfilled; (iii) all (if any) conditions contained in the formal letter granting listing of and permission to deal in the securities have been fulfilled; (iv) all the securities of each class are in all respects identical (Note 5); (v) all documents required by the Companies (Winding Up and Miscellaneous Provisions) Ordinance to be filed with the Registrar of Companies have been duly filed and that compliance has been made with all other legal requirements; (vi) all the definitive documents of title have been delivered/are ready to be delivered/are being prepared and will be delivered in accordance with the terms of issue, sale or transfer; (vii) completion has taken place of the purchase by the issuer of all property shown in the listing document to have been purchased or agreed to be purchased by it and the purchase consideration for all such property has been duly satisfied; and (viii) the trust deed/deed poll relating to the debenture, loan stock, notes or bonds has been completed and executed, and particulars thereof, if so required by law, have been filed with the Registrar of Companies. Submitted by: Siting Li Title: Joint Company Secretary (Director, Secretary or other Duly Authorised Officer)


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FF301 Page 10 of 10 v 1.1.1 Notes 1. The Exchange refers to The Stock Exchange of Hong Kong Limited. 2. In the case of repurchase of shares (shares repurchased and cancelled) and redemption of shares (shares redeemed and cancelled), "date of event" should be construed as "cancellation date". In the case of repurchase of shares (shares held as treasury shares), "date of event" should be construed as "date on which shares were repurchased and held by the issuer in treasury". 3. The information is required in the case of repurchase of shares (shares repurchased for cancellation but not yet cancelled) and redemption of shares (shares redeemed but not yet cancelled). Please state the number of shares repurchased or redeemed during the month or in preceding month(s) but pending cancellation as at close of the month as a negative number. 4. Items (i) to (viii) are suggested forms of confirmation. The listed issuer may amend the item(s) that is/are not applicable to meet individual cases. Where the issuer has already made the relevant confirmations in a return published under Main Board Rule 13.25A / GEM Rule 17.27A in relation to the securities issued, or the treasury shares sold or transferred, no further confirmation is required to be made in this return. 5. “Identical” means in this context: . the securities are of the same nominal value with the same amount called up or paid up; . they are entitled to dividend/interest at the same rate and for the same period, so that at the next ensuing distribution, the dividend/interest payable per unit will amount to exactly the same sum (gross and net); and . they carry the same rights as to unrestricted transfer, attendance and voting at meetings and rank pari passu in all other respects.