Glancy Prongay & Murray LLP Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Kanzhun Limited (BZ)

THE ANGEL–(BUSINESS WIRE) – Glancy Prongay & Murray LLP (“GPM”) is reminding investors of the upcoming September 10, 2021 deadline to file a lead plaintiff in the class action on behalf of investors Kanzhun Limited (“Kanzhun” or the “Company”) (NASDAQ: BZ) securities between June 11, 2021 and July 2, 2021 inclusive (the “Class Period”).

If you have suffered a loss on your Kanzhun investments or would like to inquire about whether you would like to make claims under federal securities laws to recover your loss, you can find your contact information at https://www.glancylaw.com/cases/kanzhun- limited. to transfer /. You can also contact Charles H. Linehan of GPM at 310-201-9150, toll free at 888-773-9224, or email [email protected] to learn more about your rights.

In June 2021, as part of its initial public offering (the “IPO”), Kanzhun sold approximately 48 million American Depositary Shares (“ADSs” or “shares”) for $ 19 per share, raising nearly $ 912 million in new capital.

On July 5, 2021, Kanzhun announced that the company had undergone a review by the Cyberspace Administration of China and that “Kanzhun’s ‘BOSS Zhipin’ app is required to suspend new user registration in China during the review period”.

As a result of this news, the company’s ADS price fell $ 5.79 per ADS, or 15%, and closed at $ 30.52 per ADS on July 6, 2021, harming investors.

The complaint filed in this class action lawsuit alleges that during the collection period the defendants made materially false and / or misleading statements and disclosed material adverse facts about the company’s business, operations and prospects. In particular, Defendants have failed to disclose to investors that: (1) Kanzhun is facing an imminent cybersecurity review by the Cyberspace Administration of China (CAC); (2) the CAC would require Kanzhun to block new user registrations in its BOSS Zhipin app; (3) Kanzhun had to conduct a full cybersecurity risk investigation; (4) Kanzhun needed to improve his cybersecurity awareness and technological capabilities; and (5) as a result, Defendants’ positive statements about the business, operations and prospects of the Company have been materially misleading and / or were unfounded at all relevant times.

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If you have purchased or otherwise acquired Kanzhun securities during the class action period, you may motion to the court no later than September 10, 2021 to seek appointment as the lead plaintiff in this alleged class action. To become a member of the class action, you do not need to take any action at this point; You can hire a lawyer of your choice or you can take no action and remain an absent member of the class action. If you would like to learn more about this class action, or if you have any questions about this announcement or your rights or interests in relation to the pending class action, please contact Charles Linehan, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles, California 90067 at 310-201-9150, toll free at 888-773-9224, email [email protected], or visit our website at www.glancylaw.com. For inquiries by e-mail, please include your postal address, telephone number and the number of shares purchased.

This press release may be viewed as a solicitation in some jurisdictions subject to applicable laws and ethical rules.

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