Peng Zhao and TECHWOLF LIMITED filed Amendment No. 4 to Schedule 13G with the SEC on November 13, 2026, disclosing beneficial ownership of 110,996,801 Class B ordinary shares of Kanzhun Limited as of September 30, 2026.

Key Highlights

  • Shares reported: Both reporting persons disclose beneficial ownership of 110,996,801 Class B ordinary shares of Kanzhun Limited.
  • Percent of class: The 110,996,801 shares represent 12.3% of all issued and outstanding ordinary shares as of September 30, 2026.
  • Voting power: The filing states the position represents 58.4% of the aggregate voting power, as each Class B ordinary share carries ten votes versus one vote per Class A ordinary share.
  • Trust structure: The shares are held by TECHWOLF LIMITED, whose entire interest is held by a trust established by Peng Zhao as settlor for the benefit of Mr. Zhao and his family.
  • Total shares outstanding: The percentage is based on 903,015,354 total ordinary shares, comprising 792,018,553 Class A and 110,996,801 Class B ordinary shares, as of September 30, 2026.
  • No shared power: Both Peng Zhao and TECHWOLF LIMITED report zero shared voting power and zero shared dispositive power.

Peng Zhao's Class B Holdings and Voting Structure at Kanzhun

According to the filing, Peng Zhao and TECHWOLF LIMITED are the two reporting persons on this Schedule 13G amendment. All 110,996,801 shares reported are Class B ordinary shares of Kanzhun Limited (NASDAQ:BZ), held directly by TECHWOLF LIMITED, a British Virgin Islands company. The filing states that the entire interest in TECHWOLF LIMITED is held by a trust established by Mr. Peng Zhao as the settlor for the benefit of Mr. Zhao and his family.

The filing discloses that each Class B ordinary share carries ten votes on resolutions tabled at the issuer's general meeting, except with respect to certain matters, while each Class A ordinary share carries one vote. As a result, the 12.3% ownership stake in terms of share count translates to 58.4% of the aggregate voting power, according to the filing. The filing further notes that each Class B ordinary share is convertible into one Class A ordinary share, but that Class A ordinary shares are not convertible into Class B ordinary shares under any circumstances.

The percentage of class is calculated based on 903,015,354 total ordinary shares outstanding as of September 30, 2026, which the filing describes as the sum of 792,018,553 Class A ordinary shares and 110,996,801 Class B ordinary shares. This total excludes Class A ordinary shares issued to the depositary for bulk issuance of ADSs reserved for future issuances and Class A ordinary shares underlying ADSs repurchased under the company's share repurchase program, as stated in the filing.

What Was Disclosed

Peng Zhao and TECHWOLF LIMITED filed Amendment No. 4 to Schedule 13G reporting 110,996,801 Class B ordinary shares of Kanzhun Limited, equal to 12.3% of the combined share class and 58.4% of aggregate voting power, as of September 30, 2026.